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Thread: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

  1. #81
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    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by Deuce View Post
    We invested in the Internet too. You didn't freak out about that. Why?

    Do you think the government should only invest in projects that are guaranteed to be successful?
    I think the government should invest in sound companies. General Electric wouldn't have gone bankrupt. They do tons of research in green.

    BTW, I'd be interested in how much and with whom we invested in the internet. When I look at government research, it is hands-down to nonprofits and universities. Some military research to private, but nothing else.

    Edit:

    Fans of tax-funded investment often cite the Internet as an example of the good that government can do. Sure, they say, the Net now has uncountable millions of components, from Web sites to computer networks large and small. But if it hadn’t been for those first critical investments by the government, we wouldn’t have the Internet today. Politicians from Vice President Al Gore to Speaker Newt Gingrich now call for more such investments by the government—and the taxes to fund them. We must find and identify promising new technologies and invest in them to build tomorrow’s information infrastructure, they tell us, a task too important to be left to private enterprise.

    The actual history of the Internet suggests that this is far from accurate. The Internet today bears little resemblance either to what the government wanted to build or to what it actually built.. If anything, therefore, the Internet represents the success of spontaneous ordering over central planning, not the successful design of a new technology by the state.
    Does the Internet Prove the Need for Government Investment? | The Freeman | Ideas On Liberty

    I have a feeling from this article that the funding provided for the internet was provided to our U.S. Military Complex. Not the Apple's of the world. Would be interesting to know.
    Last edited by MaggieD; 11-02-11 at 07:41 PM.
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  2. #82
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    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by iliveonramen View Post
    I don't understand this rabid anti-investment attitude. If this was 1950 alternative energy would be considered a national security problem and the government would of spent oodles of money to solve the problem. Like anything else there's failures and advancement but this Conservative obsession over every failure seems to point to this idea that the United States should get out of subsidizing research or something. Historical the US as subsidized more research than any other country in the world. It's why we were so more advanced on computers, the microchip, sattelite technology, the internet, etc.

    It seems like you guys are so obsessed with taxes you just wanna hold your fistful of dollars while America slips into decline.
    If they had held onto their fistful of dollars they wouldnt be about 2.543 billion more in debt. And you have to admit...thats a whole lotta fistfuls.

    But hey...Im going to build a plant and hire 2000 people and I will produce the world first fuel free battery. it will run houses, cars, planes, trains, and automobiles and it will be absolutely pollution free. All I need from you is 500 million in seed money. See you in 4 years.

  3. #83
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    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by Deuce View Post
    We invested in the Internet too. You didn't freak out about that. Why?

    Do you think the government should only invest in projects that are guaranteed to be successful?
    The internet was developed mostly with universities working together. We can argue what the good and bad of that is BUT it is different than the government picking private companies and giving them millions upon millions of dollars putting them in a situation where there could be no competittion. What if I had a different idea on how to create solar panels? Another $500 million to me? What if someone else wants to get into the business?

    The government should NEVER be picking private companies to fund giving them a huge advantage over others especially when the owners are major campaign donors.

  4. #84
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    Re: Another Energy Company Goes Bankrupt, $39 Million Borrowed From Taxpayers

    Quote Originally Posted by 1Perry View Post
    The internet was developed mostly with universities working together. We can argue what the good and bad of that is BUT it is different than the government picking private companies and giving them millions upon millions of dollars putting them in a situation where there could be no competittion. What if I had a different idea on how to create solar panels? Another $500 million to me? What if someone else wants to get into the business?

    The government should NEVER be picking private companies to fund giving them a huge advantage over others especially when the owners are major campaign donors.
    Actually, you get it! We shouldn't be putting government dollars into private industry. That was the flaw of this program.

    Private industry (when it comes to research to better humanity) is ALWAYS going to be corrupt. Profit is great for "luxury" items. It corrupts research meant to better us all.

    Research money should be given to government agencies and public universities where the ownership of the results is OURS. Not someone who can then profit off of it. That's how you better a society.

    Are we agreeing?

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