Sunday, November 29, 2015

Charles Koch: Most Businessmen Don't Support Free Market Capitalism

Flashback to the The Libertarian Review which has an article from Charles Koch (page 13):
The majority of businessmen today are not supporters of free market capitalism. Instead they prefer "political capitalism," a system in which government guarantees business profits while business itself faces both less competition and more security for itself.
This was written in November of 1974! How little some things have changed. The rent-seeking society was described by William Graham Sumner decades earlier. Tom Steyer, Warren Buffett, and George Soros sure prefer making money from "purchased" politicians.