“I think the brutal system is one where the government is picking winners and losers… just look at Venezuela.”
The idea of free markets and creative destruction often comes under a lot of criticism for being harsh and unfair. In my new interview with Charles Koch, Chairman and CEO of Koch Industries and author of the great book “Good Profit,” Charles rebuts those criticisms and explains why systems like socialism and crony capitalism – where the government picks winner and losers – are actually the cruel and unfair systems and why open and free markets allow for a system of mutual benefit.
We also discuss the huge donation Charles recently made to Catholic University to help it start a business school that advocates for free markets and an open economy. Charles puts his money where his mouth is when it comes to politics and his donation will help educate a new generation of students that understand the benefits of a free and open economy.