The View From 1776
Wednesday, September 28, 2011
Green Companies Are Not Evergreens
Liberal-progressives’ track record of picking useful and viable outlets for their socialistic industrial policy is a disaster, beginning with Franklin Roosevelt’s TVA in the New Deal. TVA has never paid for itself and continues to exist only with government subsidies. Yet private electrical utility companies serving all adjacent areas do as good or better job for their customers and do it profitably.
The explanation is that liberal-progressivism aims for “social democracy,” a theoretical, fairy-tale political state in which private business is regulated and administered by bureaucrats. Fannie Mae and Freddie Mac are recent prominent examples.