It might come as a surprise that, at least for his own hires, Mr. Koch ranks virtue higher than talent. “We believe that talented people with bad values can do far more damage than virtuous people with lesser talents,” he says.
This points to a key economic reality religious people tend to overlook: The opposite of market competition is not cooperation, as is often assumed. It’s collusion—and almost always the kind that benefits the haves over the have-nots. Which explains why the moral threat to capitalism these days comes not from socialism but from cronyism and corporate welfare.