Tuesday, January 19, 2016

Should the government protect people from the rich?

This is election year in the US and a series of articles have focused attention on the activities of the billionaire Koch brothers. There are 4 brothers, but David and Charles are the ones that people mean when they talk about the Koch brothers. The 2 brothers are apparently worth $41 billion each through their control of Koch Industries which are in oil, chemicals, agricultural and consumer products. A new book, 'Dark Money' by Jane Meyer attempts to shed light on the 2 brothers. Their father, Fred Koch built his fortune through business deals in Nazi Germany and Stalin's Russia. The brothers were brought up by a fearsome governess who administered castor oil and enemas if they did not open their bowels every morning. Why this interest in a couple of billionaires? Because Charles Koch has an intense hatred of government, apparently because of excessive discipline as a child, and the brothers are using their wealth to support extreme right wing politicians in Congress who will pass laws to privatise social security, reduce environment laws and reduce punishment for white collar crimes, while toughening punishment for child sex offenders. They support libertarian organisations, like the Cato Institute, have campaigned against judges in different states and spent a lot of money to defeat Obama in 2012, failing miserably. They contribute heavily, but secretly, to super PACs which are allowed to criticise candidates they oppose, while supporting a candidate they support, without paying directly into the candidate's campaign. After fierce criticism from Senator Harry Reid the brothers decided to re-brand themselves and are now contributing to several charities. They have adopted 'well-being' as their theme so as to convince people that the government is the enemy and not businesses. They push their message through think-tanks, by supporting fringe societies among university students and by owning several newspapers. A similar picture emerges of the billionaire Barclay brothers of Britain who are extremely secretive about their activities and have bought newspapers to push their points of view. So are these brothers and other conservatives typical robber barons who would rob the poor to enrich themselves? Maybe, but they also run big businesses, employing lots of people and creating wealth in their respective countries. There are numerous studies and articles on the wealthy but none on socialists who do not produce anything but promise to rob the rich to distribute handouts to the poor, while enriching themselves. Socialists aim to control a nation's resources, which they distribute to reward their supporters, creating a form of crony capitalism which enrich politicians, their families and their friends. India is a prime example. Wish we had a few billionaire libertarians.

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