Charles Koch: “We need to change the policies and move the culture in a direction so people succeed by helping others improve their lives. That’s what good profit is about.”
In the fifth part of my interview with Charles Koch, Chairman and CEO of Koch Industries and author of “Good Profit,” he explains why we need to put an end to corporate cronyism and welfare and open our economy up so that creating value for others is the real basis of success. Too many corporations today derive profit through cronyism and rigging the system, rather than creating value for others. In turn, this gives people a jaded view of capitalism. Charles explains that people are drawn to Bernie Sanders and his brand of socialism because they feel that our free market system is rigged. For this reason, we need to reform our politics and culture so that we are once again a free market system that thrives on mutual benefit and creating value for others.