Government, When It Picks, Always Creates More Losers Than Winners...When Will They Ever Learn? Guest Post from the Institute for Energy Research. THOMAS J SHEPSTONE
Government, When It Picks, Always Creates More Losers Than Winners...When Will They Ever Learn? Guest Post from the Institute for Energy Research. THOMAS J SHEPSTONE
Higher interest rates are forcing more market discipline, which means more business failures. Fisker’s flop is another illustration that government industrial policy creates more losers than winners.
The article's conclusion is unsurprising. What is described is a great example of "moral peril." The decision-makers that create bad energy policy don't bear the financial burdens. Taxpayers and small investors pay the prices. Regrettably, good energy policies like increasing the supply of U.S. nuclear power are shunned.
Many thanks, very interesting timeline of corporate drama! Another angle to the story made the rounds for a while when Marques Brownlee, one of the most-widely watched influencers on YT, gave a devastating review of Fisker cars (literally, “The worst car I’ve ever reviewed”), which unleashed a discussion about the power of influencers. Obviously, the problems ran much deeper than a YT review.
New producers underestimate how much time and money it takes to bring a bug-free car to the market. Tesla so far is the only private company over the last half-century which can make it (the final verdict is still out).
The article's conclusion is unsurprising. What is described is a great example of "moral peril." The decision-makers that create bad energy policy don't bear the financial burdens. Taxpayers and small investors pay the prices. Regrettably, good energy policies like increasing the supply of U.S. nuclear power are shunned.
Many thanks, very interesting timeline of corporate drama! Another angle to the story made the rounds for a while when Marques Brownlee, one of the most-widely watched influencers on YT, gave a devastating review of Fisker cars (literally, “The worst car I’ve ever reviewed”), which unleashed a discussion about the power of influencers. Obviously, the problems ran much deeper than a YT review.
New producers underestimate how much time and money it takes to bring a bug-free car to the market. Tesla so far is the only private company over the last half-century which can make it (the final verdict is still out).