Friday, 2 September 2011

Solyndra

The best way to achieve environmental goals is via the market and civil society - not the State. I've argued this position many times before, for example here. The necessary virtues and skills are those of the entrepreneur, not those of the patrician or politician.

August 15th 2011:
"Discover Sustainable Business Practices and Tour Solyndra!
August 31st 2011:
"Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization."
Solyndra was a company which received a loan through President Obama's "Recovery Act", which was "inspired" by the Keynesian economic advice (basically: spend money) of clowns like Krugman and Skidelsky. My preferred line on the remarkably embarassing Solyndra story, however, is this:
"If we had hired those same people to burn the money, a dollar bill at a time, their jobs might have lasted longer."
Meanwhile, Sunpower Corporation - you know, the one run by an actual free-market entrepreneur type - seems to be doing just fine. I wonder why that is.

Via John Venlet.

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