Our system here of creating value for others and having people do the right thing, exchange information, and so on only works if people have the right values. Charles Koch More Quotes by Charles Koch More Quotes From Charles Koch If there is wrong, you don't say we have to get rid of it gradually. If injustice exists, you need to eliminate it immediately. Charles Koch injustice ifs needs Years later, when I asked my father, I said 'Pop, why were you so much harder on me than my younger brothers?' he said, son, you plum wore me out. Charles Koch brother father son Our vision controls the way we think and, therefore, the way we act the vision we have of our jobs determines what we do and the opportunities we see or don't see. Charles Koch opportunity jobs thinking Hubris, arrogance, is just one step ahead of loss of integrity, because if you think you're better than other people, you know more, then you're going to think, as many leaders have, that the rules don't apply to them - so they lose their integrity. Charles Koch loss integrity thinking We try to evaluate how much value an employee is creating here and reward them accordingly. Charles Koch rewards creating trying Innovation comes from recombining existing technology and different perspectives in innovative ways. Charles Koch innovation perspective technology I don't like the idea of capitalism anyway. Because it's not capital we are talking about; it's knowledge and creating well-being. Because I mean, that gets people on the wrong track when it's capital and how we allocate capital - no. How do we create the Republic of Science in America? How do we have a system of mutual benefits where people succeed by helping others improve their lives? So I don't like that at all. Charles Koch mutual-benefit helping-others mean What hermeneutics teaches is that progress comes from being exposed to different points of views because there's no point of view that is right for all situations and all times. And even if it's superior to the others, you can enrich it by drawing on others or thinking: "Why is that wrong and how do I improve my approach? How do I come up with a better approach?" So that's essential for innovation just like it is in technology. Charles Koch technology views thinking We find that when we make an acquisition, or we have a hiring experience, that's one of the hardest things to change. If you've been working for a company where you didn't dare challenge your boss, or what's politically correct in the company, then it affects your career. Charles Koch boss careers challenges If somebody is doing more and more to make other people's lives better, have them make all they can, if that's what drives them, because that's what we want. Charles Koch ifs want people The Declaration of Independence was only partially applied for women and for certain immigrants such as the Chinese. And it wasn't applied to get rid of corporate welfare and cronyism. People who had special connections got special deals from the beginning. So all of those violations of what the Declaration of Independence expressed, have led to the problems we have today. So, the sins of the fathers are visited upon the sons for seven generations, or much longer. Forever. Charles Koch father people son I agree with George Washington's concern about parties: They become an end in themselves, rather than being committed to helping people improve their lives. Charles Koch party helping people If people are teaching economics, they need to teach all the different disciplines, all the different schools in economics. They can't just teach one because then the person isn't equipped to deal with the economics profession. Charles Koch discipline teaching school America was the first country in history to be founded on, people have rights. Not the divine right of kings, not the emperor's a god, or idolized, or we have to do what the dear leader says. And, expressly, that it's a system of equal rights, and then governments are instituted to secure those rights. Charles Koch kings rights country If the legislation helps people improve their lives, then that's great because that's the ultimate goal of all of this. Charles Koch goal helping people If we are going to have a Fed, it should not fall into the tyranny of experts with the a fatal conceit that a few wise people can determine interest rates. Interest rates should be driven by the market, and people's time preference, and we see these boom-bust cycles. Charles Koch wise people fall Innovation doesn't come from one big thing, it comes from a piece at a time, from combining existing technology. We have in a sense a stagnation, in all those areas where we have cronyism and political correctness and the precautionary principle. Get all of those together, then yeah, you have stagnation, and that's what we're seeing. Charles Koch innovation political technology Just keep trying things, without really understanding the underlying fibers of well-being, or peace or civility, then you're just going to stumble from one disaster to another. Charles Koch fiber understanding trying If you've got a dirty job, the best way is to help each other and then you'll create this culture of mutual benefit. And then you've got to understand who your customer is and create value for them and so on. Charles Koch mutual-benefit jobs dirty How do we have a society that maximizes peace, civility and well-being for everyone? How do we have a system of individual rights in which people succeed by helping others improve their lives? We're a long way from that. So what, I mean, we got more to learn than we know, to me. So we need better ideas. Charles Koch helping-others rights mean
