Following a political agenda formulated during the Reagan Administration, billionaire brothers David and Charles Koch along with like-minded oligarchs have successfully created and funded the USA’s Tea Party political movement. Masquerading as a grass roots crusade, the magnates have effectively conned many idealist Americans. Only recently have progressives begun to unravel the Kochtopus and reveal the clandestine conspiracy of the mega rich.
Free Market Capitalism (FMC)
Running as vice president on the Libertarian Ticket in 1980, the co-owner of America’s second largest privately held corporation (Koch Industries) and America’s fourth richest tycoon, David Koch, along with his industrialist brother Charles, formed and funded organizations that promote their personal ideas of free market capitalism.
These are philosophies that are extremely radical and distort the concept of market economics. They interpreted FMC to mean, the absolute personal power, masked with a corporate veil, which is devoid of all external intervention. Reporter Jane Mayer wrote, “When David Koch ran…his campaign called for the abolition [of]…any government enterprise that would either inhibit his business profits or increase his taxes.”
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