Sunday, July 24, 2011

The Green (and Red) Economy

An electric car company, based in Salinas, California, is the latest example of a "green" company that cannot sustain itself, even with the assistance of the taxpayers.  Here is an excerpt from an excellent article at Forbes  (and thanks to Vicki at Frugal Café for citing that article): the name of environmental activism, and most particularly global warming, government is squandering billions of dollars each year giving taxpayer money to companies that have no hope of producing a marketable product. Companies like Green Vehicles pocket the money and then go bankrupt. Other companies, like wind and solar power companies, perpetually maintain their station at the government pork trough, yet never produce products at a remotely competitive price. As a result, money that could have and would have been invested in goods and services that actually improve people’s lives is instead flushed down the big green toilet.
There is nothing I need to say that isn't said in that article.

No comments:

Post a Comment

I will not tolerate irrelevant or inappropriate comments. Any such comments will be deleted. Please do not use sexually explicit language.