Blundell Comes Out in Favor of An Independent Cato

John Blundell is one of the most successful and highly respected libertarian executives in the world. From 1993-2009, he was the CEO of London’s highly influential Institute for Economic Affairs (IEA).

In a recent email to my colleague David Boaz (excerpted here with Blundell’s permission), Blundell had this to say about the Kochs’ attempt to take over the Cato Institute:

I grew up above a shop and my mom used to say there are three secrets to success, namely location, location, location.

My elder son is now Director of Golf Operations at a major resort and he tells me that there are three secrets to success, namely drainage, drainage, drainage.

And in the time I worked with the late Sir Antony Fisher – that great think tank pioneer – he used to tell me that there are three secrets to success, namely independence, independence, independence.

Blundell’s long-standing ties to the Koch brothers and their various political operations does not blind him to what should be perfectly obvious to everyone: a think tank that is the personal property of two men is not a recipe for success no matter how well intentioned said men might be.

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