Bjorn Lomborg : Government shouldn't be picking Solyndras
The danger is to the taxpayers not to the politicians and bureaucrats who retire away with their loot on generous pensions, lucrative lecture tours, ceremonial titles and presidentships of corporate and NGO entities.
Plus what is the point of having power if not to exercise it, whatever may be the harm done? Have gun, must shoot, will kill -that is the welfare state mentality.
The lesson from the federal government's failed backing of Solyndra is not that the United States should abandon energy innovation. It is that the government should not try to pick industry winners in the race to replace fossil fuels with an alternative.
Solyndra is the now-bankrupt solar-panel manufacturer that received a $535 million federal loan guarantee in 2009..
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But the danger is when politicians and bureaucrats attempt to predict which technologies will be winners and back them to build an industry.
The danger is to the taxpayers not to the politicians and bureaucrats who retire away with their loot on generous pensions, lucrative lecture tours, ceremonial titles and presidentships of corporate and NGO entities.
Plus what is the point of having power if not to exercise it, whatever may be the harm done? Have gun, must shoot, will kill -that is the welfare state mentality.
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