Lisa Graves

Primary tabs

Op-ed: Charles Koch's Radical Free Market Ideology Is Not a Symptom of America’s Disastrous Response to COVID-19. It’s a Cause.

Read time: 5 mins
Charles Koch

Charles Koch, CEO of Koch Industries, is receiving credit for launching a COVID-19 relief fund, as he urged a “distinctly American response” of private charity — and not public benefits — to address this deadly pandemic.

Koch kickstarted the fund with a $5 million contribution, pocket change for a man who runs the second largest privately held corporation in the country, which makes about $5 million every twenty minutes.

His “distinctly American response” is not for the government to do more but for a billionaire to solicit help from Americans who make far less: his contribution amounts to 0.000125 of his net worth of roughly $40 billion, about the equivalent of a $5 donation for someone who makes $40,000 a year.