In yet another example that funding from our government doesn't equal success, it was reported today that the solar panel company Solyndra is going bankrupt. After receiving direct support from the White House and hundreds of millions of dollars in financial backing; the company turned away workers with seemingly no warning. When will we learn that the government can not create demand in the market? Whether or not solar energy is environmentally responsible, financially profitable, or morally preferable to oil; simply throwing money at the industry will never guarantee viability. Without the damage done to individual liberty by requiring the usage and/or purchase of alternative fuels our government will not be able to force an industry upon us. Perhaps a better way would be to produce domestic oil while placing an import tax of some sort on foreign oil. Perhaps that would push private companies to invest in changing their business model when the end is actually in site. Better yet, why not enforce the laws we already have and punish companies who pollute through the defense of property rights (the rights of everyone else, whose property is being polluted). The free market will work folks. We just have to punish companies who damage our health and our property while removing the relationship and rewards our current corporatism-style government structure provides.
Phlegm
http://www.theblaze.com/stories/massive-taxpayer-backed-solar-panel-manufacturer-goes-bankrupt/
http://dailycaller.com/2011/02/22/panel-green-jobs-company-endorsed-by-obama-and-biden-squandered-535-million-in-stimulus-money/
http://venturebeat.com/2010/05/26/obama-stumps-for-climate-bill-at-solyndra-giving-it-a-pre-ipo-lift/
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