In a rare public appearance, billionaire Charles Koch called on libertarians to remain true to their principles, particularly in light of the Republican Party's shift under President Trump. Once a significant donor, Koch's influence has diminished since 2016. At an award ceremony for the Cato Institute, which he helped found, Koch criticized current Republican policies such as tariffs, stating they are contrary to libertarian ideals. He warned that abandoning core principles only worsens societal issues and lamented the loss of these principles in today's political landscape.
Mr. Koch emphasized that with so much change, chaos, and conflict, many are abandoning core libertarian principles, which only exacerbates societal problems.
Accepting an award named after Milton Friedman, Mr. Koch criticized current Republican policies, stressing that history shows abandoning principles leads to worse issues.
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