27 Sep '11, 5pm

The myth of the free market

The myth of the free market

Cross-posted from Climate Progress . The political reaction to the Solyndra scandal has been laughably devoid of both short-term and long-term historical perspective. In an attempt to exploit a political opportunity, many House Republicans are railing against government investments in the renewable energy sector. However, those same politicians requested millions of dollars for cleantech projects in their own states just a year or two before. This bad case of amnesia stretches far beyond the last two years. Apparently, many in Congress have forgotten about the last 100 years of government investments in oil, gas, and nuclear -- all of which have far outpaced investments in renewable energy like solar photovoltaics, solar thermal, geothermal, and wind. A new study [PDF] with terrific charts, released by the venture capital firm DBL Investors, attempts to quantify and contra...

Full article: http://www.grist.org/energy-policy/2011-09-27-what-free-m...

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