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Politics : American Presidential Politics and foreign affairs

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To: DuckTapeSunroof who wrote (36307)	8/13/2009 4:14:55 PM
From: TimF	Read Replies (1) of 71588

If green energy is the new industrial revolution, Beijing will be grabbing many of the jobs of tomorrow. If it really is the "new industrial revolution" than the worlds most populous country (soon to become a close 2nd but still huge), which is also the fastest growing large economy, and one of the world's leading trading countries is going to grab much of it. If it did not it would mean China falling behind. OTOH its not going to be a new industrial revolution. Most of it is unprofitable, and likely will remain at most marginally profitable (note I'm counting net overall profits, if subsidized it can be very profitable for those receiving the subsidies, but that isn't the green energy being profitable, its receiving a subsidy being profitable). If moving to alternatives is driven by real market return, the US will likely be a big part of that (and if we aren't the biggest that doesn't imply that other countries will become wealthier than us, energy as a whole, let alone just the green subset of it, is far from the whole economy). If its driven by massive subsidies, well than it would probably be good not to be such a big part of it.

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