“Good profit can only result from creating value for the consumer. It is the manifestation of the entrepreneur’s respect for what the customer values.”

– Charles Koch, Good Profit (New York: Crown Business, 2015), p. 244.

“Documents Shine New Light on Koch Brothers’ Early Efforts to Abolish the Department of Energy,” reads the headline of a new report about Charles and David Koch by Desmog Blog. This organization/site also announced a Koch Network Database,

a new resource library built by DeSmog to assist journalists, academic researchers, and the public to learn more about the backgrounds of individuals and organizations associated with billionaire fossil fuel industrialists Charles Koch and David Koch‘s free market approach to a broad spectrum of civic issues.

As just a compilation of individuals and groups and their purpose and work, “guilty as charged” would apply.…

“Add [to rent-seeking] the company’s rank imprudence and strategic deceit (what I labeled philosophic fraud), and a new term had to be invented to describe that which true capitalist luminaries from Adam Smith forward warned against: the contra-capitalist corporation.”

For many years now, as a poor man’s Robert Caro, I have labored to demonstrate that the worldview-testing event called Enron was Exhibit A of crony capitalism and Progressivism, not free-market capitalism and the classical liberalism.

The Progressive mainstream argued emphatically for their conclusion. Two examples are among my favorites. Paul Krugman in the New York Times: “I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society.” Robert Kuttner in BusinessWeek: “Defenders of deregulation are mounting a heroic effort to insist that the [Enron] debacle was merely a business model gone bad, not an impeachment of freer markets”.…

“Do you operate the ‘Institute of Energy Research’ out of your living room? What exactly entitles you to the evidently self-applied label of ‘energy expert’? … You appear to be a deputy adjunt miller, lacking both discernible qualifications in the real world and the ability to tell a good argument from a bad one.” (Holdren to Bradley, September 17, 2003)

Some 16 years ago, I put my book writing on hold to critically review the long written record of John P. Holdren, then (and now) a Professor of Environmental Policy at Harvard University. (He was President Obama’s science adviser between Harvard appointments, from 2009 until 2017.)

The result, “The Heated Energy Debate: Assessing John Holdren’s Attack on Bjorn Lomborg’s The Skeptical Environmentalist,” was published by the Competitive Enterprise Institute in mid-2003.…

“The golden era of American energy is now underway.” (President Donald Trump, The White House, May 14, 2019)

… under the Green New Deal, they don’t like clean, beautiful natural gas. They don’t like anything. (President Donald Trump, “Remarks on Promoting Energy Infrastructure and Economic Growth,” Hackberry, LA, May 14, 2019)

Who has been the most free-market energy President in U.S. history? In modern times, Ronald Reagan comes to mind. He decontrolled crude oil and petroleum products in his first week of office (January 1981), although Jimmy Carter’s phase-out of such regulation had just six months to go. Reagan did some other things to undo a decade of energy statism but fell short of his election goal of abolishing the US Department of Energy. [1]

Enter Donald Trump.…