<fiasco with the Solyndra (sp?) bankruptcy shows how corrupt the whole game of the AGW cash machine has become.>
Every new industry is trying out a lot of new technologies, with a lot of small companies. Over time, one technology emerges as the winner, and a few mature companies grow to dominate, while the rest disappear. This is normal. It's a recognized and expected pattern in new industries.
In the 1800s, most railroad companies failed, but the industry thrived. 100 years ago, the new automobile industry had hundreds of little companies, trying out a wild variety of engines. Eventually the internal combustion engine won, and all the companies that had bet on all the alternatives, died. In the history of the airline industry, the majority of airline companies have gone bankrupt, some of them serially, yet every year more and more people fly.
Also, the government has often supplied the essential start-up capital, and/or the initial market, for new industries. The airplane industry started, when the government contracted with them, to deliver mail faster, and the military got interested in the possibilities of air power. Many railroads, including the first transcontinental, were funded by federal subsidies. The auto industry wouldn't exist, if the government didn't spend vast amounts on our roads (we have Socialized roads, just like we have Socialized schools, and eventually will have Socialized Medicine).
The winnowing out of losers, and gradual emergence of a dominant technology, is what's happening in solar. Solyndra made a bet on the wrong technology, and ran out of capital. The solar industry is no more corrupt or wasteful than the 1800s railroad build-out, or a dozen other historical examples I could use. |
