We have a couple left in Canada, all sponsored and paid for by the government, but they call this "free market capitalism" LOL. Give a company a couple of hundred of million of taxpayer debt, they go bankrupt in a couple of years with no consequences or personal loss. Oh well, "capitalism at work".
Worse, energy rates in Ontario are causing people to go choose between heating in the winter or food.
Then again how many large companies in the US don't receive any money from the Federal or State govts? Probably not many. They call that capitalism too, ha.
Science, mostly paid for by the US govt.
Take a Pharma company. They don't do all the research themselves, they couldn't afford to do it, they let the govt do it. Then when something become PROFITABLE, they jump on it, take the profits, then demand that the govt give them tax breaks or they'll move somewhere else, even though the govt has just handed them billions worth of free research.
The difference, most of those that are some how subsidized show a profit. How long will it be before Teslamor Solar City show a profit? Never?
SolarCity: No Profits, Less Growth, Little Hope - $SCTY
The problem is you're not thinking about the future. Renewable energy takes time to develop as an industry. The more it is used, the cheaper it becomes.
Of course, like anything. Why are tax payers subsidizing these businesses though? Free markets are perfect when left to their own devices, instead, they discourage innovation, not support it. Who is going to be more motivated and find the best and brightest, someone who is given free money with no risk, or someone who has his own investment at risk and that of his investors? Without this risk there is no incentive.
I love successful wealthy people, as long as they earn it via the risk/reward continuum. What we are experiencing in Canada is nepotism, crony capitalism and outright corruption. In particular in Ontario.
I am ok with some tax breaks for a period of time, and the GAAP accounting system is already very good to businesses who take risk. This passing debt to future generations for todays crooks is immortal and as far as I am concerned national suicide.