“Green Energy Utopia” Doesn’t Create Capital for Future Investments
Francis Menton continues to deliver reality sandwiches
“But here’s the rub. Nobody builds any wind turbine or solar panel, or any other element of this new “green” energy utopia, based on the usual capitalist motivations of making a profit by fulfilling organic consumer demand. Crony capitalists will undoubtedly emerge to build something to collect the subsidies, but they have no particular incentive to put together all elements of a system that works. Who does have that incentive? Nobody, except maybe government central planners — a category that has never had a success in the history of the world.”
https://www.manhattancontrarian.com/blog/2022-8-22-you-can-be-sure-that-net-zero-carbon-emissions-from-electricity-generation-will-never-be-achieved-heres-why?mc_cid=25acbbb482&mc_eid=ee5bad14c3