This column, a regular feature, was originally published on Reuters.com.
1. Getting a full, fair view of the money behind the Democrats’ prime enemies:
Their company makes everything from Dixie Cups to Brawny paper towels to Lycra swimwear to a huge share of the plywood, lumber and other products used in construction. It operates 4,000 miles of energy pipelines, according to its website, and an array of oil refineries that can process 670,000 barrels of oil a day.
Other subsidiaries are leading producers of chemicals, fertilizer and electronic and fiber optic systems. Still another unit trades energy products such as crude oil and natural gas. Apparently (the website is vague) it even has a business buying and selling the emission allowances related to pollution control efforts throughout the industrialized world.
The website takes pains to note the company’s stunning economic success — its value has grown “more than 3,500 fold since 1960” — “has supported education and social progress. These philanthropic efforts include support for educational institutions, foundations and programs that study and promote market-based solutions to societal problems. [The company] also works to protect, conserve and enhance natural resources. [Its] companies around the world have earned nearly 800 awards for safety, environmental excellence, community stewardship, innovation and customer service.”
In fact, there’s a separate section on the website detailing the company’s multiple environmental protection efforts and awards.
What company is this that’s supporting all these seemingly good works with its profits? It’s Koch Industries, controlled by Charles and David Koch, the billionaire brothers who are funding hundreds of millions of dollars’ worth of ads attacking Democrats this year — mostly aimed at putting conservative Republicans in control of the Senate.
This article in the Washington Post last week tried to link the Koch brothers’ support for the Keystone energy pipeline to their company’s economic interests. But it was so lame — none of their products is due to go through the pipeline — that it made me want to read a complete article, full of unbiased reporting across the range of their business interests. I want to know just how self-interested the brothers’ political spending spree actually is.
Sure, any political activism by rich people to limit taxes and government regulation is bound to be in their interests generally. But do the Koch brothers have a more specific agenda, as the Post article tried to prove? Or could it be that Charles and David Koch just happen to believe a conservative government is good for their country?
The brothers and their foundation have also given hundreds of millions to multiple charities that have nothing to do with politics. As this article in the Indianapolis Star points out, the Charles Koch Foundation “underwrites research and teaching at Brown, Mount Holyoke, Sarah Lawrence, University of Wisconsin at Madison, Vassar and some 245 other colleges.” The New York State Theater at Lincoln Center has been renamed the David H. Koch Theater because he’s such a generous benefactor.
These are not beneficiaries associated with hard right causes.
As the Star also notes, “Koch Industries (which offers same-sex spousal benefits to its legally married employees) also donated $814,000 to the Kansas State University Office of Diversity to assist ‘historically under-represented students.’”
Is this all part of a plot to camouflage the brothers’ master plan? Or could it be that their outsized effort to buy results at the ballot box is, to them, no different from their outsized gifts to Lincoln Center or cancer care or anything else they think is good for the world?
Much of the media and punditry seems to have entertained that more generous view when another billionaire, Tom Steyer, decided to give millions to anyone willing to block the Keystone pipeline. But the Koch brothers have not enjoyed that benefit of the doubt.
For a few individuals on either side to try to dominate the agenda this way in a supposed democracy raises its own fundamental questions — and arguably shows a cavalier disregard for democracy itself. But the opposition to the Koch brothers has pushed beyond that, to accusations, in Senate Majority Leader Harry Reid’s words, that they are “un-American” and are “trying to buy America … to benefit themselves.”
As a private company, not much is known about Koch Industries, although its website says it has 60,000 employees and annual revenues of “about $115 billion” — which would make it 16th or 17th on the Fortune 500 list of public companies, just ahead of IBM or JPMorgan Chase.