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Saturday, November 19, 2011

"Green" corporatism is just as bad as any other corporatism.

U.S. Energy Secretary Steven Chu is undaunted by the federal government's massive and costly failure in subsidizing Solyndra.

He is still pimping out the "progressive" green corporatism of giving tax money to company's that can not otherwise raise capital.

He thinks thin-film technology used in solar panels has "huge market potential." No, Mr. Chu, if it had huge market potential, the market would fund it.

What the technology has is huge political potential. By giving tax money to private companies, private executives can buy beach houses and boats. Then those same executives can afford to support more politicians who, in turn, will give them more tax money for a mountain condo and a Mercedes.

It is beautiful in its corrupt simplicity.

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