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post #81 of 86
Solyndra is just another in a long line of failed attempts at venture socialism.

Government subsidized energy is just the same old song

Quote:
The story goes like this: Policymakers identify what they believe to be untapped potential in the energy marketplace. They subsidize it in the hopes that the start-up boost can catapult it to a vibrant form of alternative energy.

This is the general approach that federal and state policymakers are taking to the prospect of a booming future for solar energy. Subsidizing the industry now, they say, will have payoffs in the future even if the industry faces some rocky times in the short-term.

But it’s an old storyline. In fact, it’s almost identical to past failed attempts by the federal government to play venture capitalist in the energy industry. A recent Washington Post article recounted the recent, but perhaps forgotten, history of government’s attempts to help create new sources of power.

Take the Synthetic Fuels Corporation, the brainchild of President Carter’s administration. It was a type of investment fund, capitalized in part with $17 billion in taxpayer money, to start up projects that would turn coal and shale into oil and gas. By the early 1980s, oil prices had fallen and the projects that the fund financed were no longer viable.

Then more recently there were the efforts to jump-start the hydrogen fuel-cell automobile and the quest to find a clearer-burning coal. Both petered out due mainly to each project’s economic infeasibility but only after billions of taxpayer dollars were spent.

Today, the main subsidies for the solar industry are regulatory (through renewable energy mandates on traditional energy providers), tax credits for purchases of solar panels, and property tax abatements for manufacturers and producers of solar energy and its related products. Yet it’s not clear that policymaker preference for solar will prove any more accurate than prior flirtations with new forms of energy.

Solar may one day provide a robust alternative to fossil fuels. But it’s probably going to require a set of market conditions that may not exist for quite some time. In the meantime, if enough venture capital investors think it’s a worthwhile gamble, let’s make sure government doesn’t get in their way. But putting taxpayer money on the line, that’s another story.

Malo periculosam, libertatem quam quietam servitutem.

(I prefer the tumult of liberty to the quiet of servitude.)

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Malo periculosam, libertatem quam quietam servitutem.

(I prefer the tumult of liberty to the quiet of servitude.)

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post #82 of 86
Quote:
Originally Posted by tonton View Post

Good, now that we've cleared that up, how would you feel about a pol who proposed massive tax exemptions for political friends, but not for others? For instance, what if there were a pol who received donations from a company that produces hand cream, and then that pol proposes massive tax exemptions for companies that produce hand cream, but no similar exemptions for companies that produce say... shampoo? Wouldn't you call that crony capitalism?

Just wondering why you're so busy frothing at the mouth over solyndra when the republicans have been consistently worse on the issue of crony capitalism. I'm also wondering who on Earth besides Ron Paul you could ever vote for, ever. There's not a single politician who sticks to your values. I'm saying that on the issue of personally motivated venture socialism, the republicans are far worse than the democrats. So you're better off supporting the Dems if that's your cause.
post #83 of 86
There are more than two political parties.

Malo periculosam, libertatem quam quietam servitutem.

(I prefer the tumult of liberty to the quiet of servitude.)

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Malo periculosam, libertatem quam quietam servitutem.

(I prefer the tumult of liberty to the quiet of servitude.)

Reply
post #84 of 86
Thread Starter 
Quote:
Originally Posted by jazzguru View Post

There are more than two political parties.

There are both no bargains.
post #85 of 86
China destroying the US, despite American ingenuity- http://thinkprogress.org/wp-content/...ufacturing.gif
"I have been made victorious by terror~ Muhammad

"The future must not belong to those who slander the prophet of Islam," ~ Barack Obama

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"I have been made victorious by terror~ Muhammad

"The future must not belong to those who slander the prophet of Islam," ~ Barack Obama

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post #86 of 86
Quote:
Originally Posted by Hands Sandon View Post

China destroying the US, despite American ingenuity- http://thinkprogress.org/wp-content/...ufacturing.gif

So what? If we can buy them cheaper from China why is that bad?
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