Far too many businesses have been all too eager to lobby for maintaining and increasing subsidies and mandates paid by taxpayers and consumers. - Charles G. Koch
For business to survive and prosper, it must create real long-term value in society through principled behaviour. - Charles G. Koch
I am convinced the combination of our market based philosophy and how we practice it has been the primary source of our success. - Charles G. Koch
I believe that cronyism is nothing more than welfare for the rich and powerful, and should be abolished. - Charles G. Koch
I studied what principles under-laid peace and prosperity and concluded the only way to achieve societal well-being was through a system of economic freedom. - Charles G. Koch
In general, an asset should be sold when it has greater value to a buyer. This happens when a buyer has a complimentary business or capability that would enable them to do more with that business. Many businesses we have exited were not failures, but had simply reached a point in their life cycle where they no longer provided a core capability or served as a platform for growth. - Charles G. Koch
Just as central planning is a failure in running government, so it is at the level of the firm. - Charles G. Koch
No centralized government, no matter how big, how smart or how powerful, can effectively and efficiently control much of society in a beneficial way. On the contrary, big governments are inherently inefficient and harmful. - Charles G. Koch
Our willingness to move quickly, absorb more risk and give better service enabled us to become the leading crude oil gathering company. - Charles G. Koch
People benefit through profit and loss according to the value they create in society. - Charles G. Koch
Prosperity is only possible in a system where property rights are clearly and properly defined and protected, people are free to speak, exchange and contract, and prices are free to guide beneficial action. - Charles G. Koch
Prudent risk-taking should be encouraged by applying the concept of opportunity cost. - Charles G. Koch
Repeatedly asking for government help undermines the foundations of society by destroying initiative and responsibility. It is also a fatal blow to efficiency and corrupts the political process. - Charles G. Koch
Successful entrepreneurs are not deterred by their lack of authority to control resources. - Charles G. Koch
The easy way to make money is to get special political privilege. From the beginning of time, business has cozied up to government and gotten restrictions on competition and subsidies and stuff. - Charles G. Koch
The process of discovery begins when we observe, often vaguely, a gap between what is and what could be. - Charles G. Koch
The size of the experiment should have been limited in proportion to the risk-adjusted potential of the opportunity. - Charles G. Koch
To the person with only a hammer and no understanding, every problem looks like a nail. - Charles G. Koch
Vision for us is not a one-time statement of goals and aspirations, but a dynamic concept, always evolving based on continual examination of how we can create value for our customers and for society. - Charles G. Koch
We all tend to pursue our own interests, but in a true market economy we can only prosper by providing others with what they value. - Charles G. Koch
We needed to be uncompromising with our workforce, to expect 100 percent of our employees to comply 100 percent of the time with complex and ever-changing government mandates. Striving to comply with every law does not mean agreeing with every law. But, even when faced with laws we think are counter-productive, we must first comply. Only then, from a credible position, can we enter into a dialogue with regulatory agencies to demonstrate alternatives that are more beneficial. If these efforts fail, we can then join with others in using education and/or political efforts to change the law. - Charles G. Koch
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