TakeAStepBack
Gold Member
- Mar 29, 2011
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When the technology is mature and viable, it won't need government subsidies to expand.
It doesn't NEED them now. But it will expand more quickly with them, and it's a technology we need, so the subsidies are useful.
This seems counterintuitive. If they don't need the subsidies, why are we wasting money doing it? there are more failings/waste when the subsidies are involved than not. Because these do not get divided across the board, they end up in the accounts of cronies to govt. administrations in power to issue them.
The market will develop the technology infinitely faster and better when left to foster competitiona nd innovation naturally. As always.