The Koch brothers are principal funders of the Reason Foundation and Reason magazine. Exxon Mobil and other corporate and billionaire interests are behind the Cato Institute, the other public face of libertarianism. Financiers have also seeded a number of economics schools, think tanks, and other institutions with proponents of their brand of libertarianism. It’s easy to explain why some of these corporate interests do it. It serves the self-interest of the environmental polluters, for example, to promote a political philosophy which argues that regulation is bad and the market will correct itself. And every wealthy individual benefits from tax cuts for the rich. What better way to justify that than with a philosophy that says they’re rich because they’re better—and that those tax cuts help everybody?
Posted on: Fri, 13 Sep 2013 13:17:07 +0000
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