The Motley Fool Discussion Boards
Industry Discussions / Renewable Energy
|Subject: Re: We get it||Date: 10/21/2012 10:56 PM|
|Author: telegraph||Number: 18045 of 18504|
"The problem with the market is that it is so short-sighted, especially these days."
And so are business cycles. What was yesterdays' popular game is out of favor in 18 months. What was today's iPhone is obsolete in 18 months. What was your desktop is obsolete in 3 years.
with solar panels, the technology changed so fast that trying to pick 'a technology' ...you'd be behind the eight ball in 3 years. Say Solyndra.....the price of silicon dropped 90%in 3 years and their business model vaporized. 3 years.
It's not short sighted. These days it's reality. If you can't make it, sell it in 2 years and recoup your investment in 3, you probably will be obsolete. Obsolete! Obsolete!
" I do think government has a role in promoting new industries. Certainly almost every developed nation does so. I think that tax money spent to help emerging technology is a good idea."
New industries? Hardly. new technologies, yes.
The gov't almost killed the software industry several times. First COBOL, insisting the world had to revolve around COBOL, ALGOL and FORTRAN.
Along came Bell Labs and invented Unix.....
And MSFT and DOS and then WINDOWS and Apple COmputer and its operating system.
IN spite of Big Government.
Later, the Nanny state tried to impose ADA on the defense industry. SPent at least 10 billion - forcing companies to try and use it. What a disaster. Was supposed to come up with re usable code modules......
But the technology changed faster than ADA could adapt. C++, designed at Bell Labs, not the Nanny STate, turned out to be a lot better. Well, it started out as "C" and adapted to C+ and then C++.
Half the stuff wouldn't run on ADA, missiles wouldn't fly, radar systems would be bogged down. So it's all written in C these days. Sloppy C - compared to ADA with rigid typing ......