Thursday, October 21, 2010

Clean Energy Investing


you said:

"According to denialists, investors like Deutsche Bank - and for that matter, anyone else interested in investing in companies like Solyndra - are just making the science up as they go along. AGW really isn't happening, as the theory goes, and private companies, as well as governments, are more or less betting on a losing horse. Sooner or later AGW will be exposed as the hoax it really is and all that investment in clean energy is going to go right down the tubes."

I must say I 100% disagree with your conclusion. I am also quite disappointed at your use of a wide-scope tar-bush in an attempt to paint 'denialists' into some perceived 'corner' created by AGW enthusiasts. I will respond in detail in a subsequent post. Which leads to your next comment:

"And if a problem doesn't exist, what possible reason could we have for investing in a solution?"

Investing in "Clean, Green Energy" and investing in an unproven and highly suspect AGW 'solution' are 2 entirely different things. And you know it. Don't mix apples and oranges.

With respect to your economic analysis, the structure, functions, control and operations of the economy of China and the US are totally different. The government plays a different role in each. If you are advocating a rejection of the current US economic approach (e.g. based on capitalism principles with many operational variations), in favor of a China-like, government-controlled, centrally-managed style (e.g. based on Socialist and Marxist philosophies), then I think you're barking up the wrong tree about the proper role of government for the U.S. We've got enough issues with government bureaucracy interfering with the 'free-market', without adding the needless burden of central planning. Sure, central planning works very well - but only for the ultimate benefit of those holding the controls.

You can be free or you can be a willing slave. (Let's not banter over definitions here, you know what I mean.) I'd rather be free to fail rather than forced to live in fear of bureaucratic reprisal, and begging for my continued existence according to the whim of those who consider themselves to be my political 'masters'... I thought you did too.

- Steve

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