Koch Industries Is Awash in Money and Misdeeds
Contracts won with bribes, falsified safety and emissions reports, price fixing, illegal dealings with Iran and stolen oil. Bloomberg has compiled a detailed litany of loosely related bad behaviors by the managers of Koch Industries and its subsidiary companies. (more)
Contracts won with bribes, falsified safety and emissions reports, price fixing, illegal dealings with Iran and stolen oil. Bloomberg has compiled a detailed litany of loosely related bad behaviors by the managers of Koch Industries and its subsidiary companies.
For Charles and David Koch, who turned their father’s modest oil company into a roughly $100 billion a year industrial and financial empire spanning more than 50 countries, it is government regulation of these types of activities — not the practices themselves — that harms American businesses, and presumably, the rest of society. –ARK
WAIT BEFORE YOU GO...Bloomberg:
For six decades around the world, Koch Industries has blazed a path to riches — in part, by making illicit payments to win contracts, trading with a terrorist state, fixing prices, neglecting safety and ignoring environmental regulations. At the same time, Charles and David Koch have promoted a form of government that interferes less with company actions.
“My overall concept is to minimize the role of government and to maximize the role of the private economy and maximize personal freedoms,” David Koch told the National Journal in May 1992.
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Politics
More than $120 million from a few ultra-wealthy families has powered the Heritage Foundation and other groups that created the plan to remake American government.
Courts & Law
The billionaire is funding a case before the Supreme Court that could liberate corporations from federal oversight and regulation.
Oligarchs have aligned with the forces of reaction to preserve their grip on power, endangering the U.S. and democracy the world over.
If America's oligarchs had any interest in preserving the country's economic system, they'd throw their support behind a wealth tax.
Reporter Christopher Leonard details the harrowing scope of Koch Industries’ power, and the challenges in trying to circumvent it.
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