4.8 • 1.5K Ratings
🗓️ 18 October 2019
⏱️ 5 minutes
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0:00.0 | My name is Paul Constant. I work here at Civic Ventures and I'm a host on this |
0:09.2 | podcast sometimes and I also co-founded a website called the Seattle Review of Books, where we run Book News, Reviews, and Interviews. |
0:18.0 | And so from time to time, I'd like to recommend books that I think would make for good further reading to fans of this |
0:25.0 | podcast, people who would like to learn more about how economics works in action. |
0:30.9 | So this time around I wanted to recommend a relatively new book. It just came out earlier this fall. |
0:36.0 | Christopher Leonard is a business reporter who's written for some of the heaviest hitters in the media, |
0:40.0 | The Washington Post, the Wall Street Journal, Bloomberg Business Week, and for the better part of a decade |
0:46.2 | he's been working on a book about some of the most secretive billionaires in the United States, |
0:50.8 | the Koch brothers. His book, Coqland, is a magnificent piece of reporting. |
0:55.8 | He logged thousands of hours flying to Wichita, |
0:58.5 | to interview Koch employees, and sort of |
1:01.4 | pierced the veil of silence that surrounds Koch industries. |
1:05.0 | One of the first things that he writes about in Kochland that I thought was fascinating |
1:08.0 | is that you could not boycott Koch industries if you wanted to because they have insinuated themselves into American business in a way that is impossible to extract. |
1:18.0 | They make the fiber in carpets and in your |
1:25.0 | cell phone. They make the sensors in your cell phone. They make the nitrogen fertilizer |
1:28.0 | that helps grow the food that you eat every day. |
1:31.0 | So under Charles Koch, Koch Industries has made more money than pretty much |
1:35.4 | any enterprise in the history of the entire planet Earth. He and his late brother |
1:40.5 | David Koch's fortune when combined exceeds that of Bill Gates. |
1:44.8 | And in Kochland, Leonard uncovered the crimes and bending of norms that Charles Koch employed |
1:51.3 | to build a company as large as Koch industries and he demonstrates |
... |
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