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Author: Stonewashed Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1950192  
Subject: Re: A lesson in central planning (hint: don't do Date: 10/5/2012 6:20 PM
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Once upon a time they went crazy building railroads in the US. People invested in them like there would never be enough. Then some of the railroads went bust and there was a huge panic, followed by a brutal recession.

When it was all over, a lot of the guys who owned those railroads became pig rich because they hung on.

The Chinese think clean energy is the future and they intend to own it. Stay tuned, because if the US oil oligarchs have their way the Chinese will own it.

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Why shouldn't they think they are going to own it, when we subsidize it and they effect policy like the Kyoto Protocol that says they can burn everything from cow dung to coal (not even clean coal), while at the same time, we will pay for their "future green energy".

If it is so efficient why is China buying up all the oil and gas they can, mining more coal than any other country all over the world?

Why have GE and BP had to suspend their interest in solar? It's not because they weren't interested.

I am all for research and development and there is plenty of venture capital along with federal dollars still being thrown at it. What I am NOT in favor of is an economic paradigm to force something that is not ready, put handcuffs on our own economy, and bankrupt businesses here to boot (with the exception of a few cuties who will get rich traading carbon, which does zilch, zero, nada reducing carbon).

Besides which, they have not spent their capital very efficiently if they got dozens of ghost cities that are already falling into disrepair. These empty ghost cities with millions starving in this country baffles the mind. What's the point? They thought we would all run over there and buy the real estate up?
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