Liberty is an inherently offensive lifestyle. Living in a free society guarantees that each one of us will see our most cherished principles and beliefs questioned and in some cases mocked. That psychic discomfort is the price we pay for basic civic peace. It's worth it. It's a pragmatic principle. Defend everyone else's rights, because if you don't there is no one to defend yours. -- MaxedOutMama

I don't just want gun rights... I want individual liberty, a culture of self-reliance....I want the whole bloody thing. -- Kim du Toit

The most glaring example of the cognitive dissonance on the left is the concept that human beings are inherently good, yet at the same time cannot be trusted with any kind of weapon, unless the magic fairy dust of government authority gets sprinkled upon them.-- Moshe Ben-David

The cult of the left believes that it is engaged in a great apocalyptic battle with corporations and industrialists for the ownership of the unthinking masses. Its acolytes see themselves as the individuals who have been "liberated" to think for themselves. They make choices. You however are just a member of the unthinking masses. You are not really a person, but only respond to the agendas of your corporate overlords. If you eat too much, it's because corporations make you eat. If you kill, it's because corporations encourage you to buy guns. You are not an individual. You are a social problem. -- Sultan Knish

All politics in this country now is just dress rehearsal for civil war. -- Billy Beck

Wednesday, March 27, 2013


We've all heard how China is "investing in green energy," and if we don't do the same and subsidize companies over here, we're going to be left behind and be dependent on foreign technologies.  So $535M goes to Solyndra, and it's down the tubes, not to mention:
Amonix ($5.9M)
Energy Conversion Devices ($13.3M)
Nordic Windpower ($16M)
Konarka Technologies Inc. ($20M)
Evergreen Solar ($25M)
Raser Technologies ($33m)
Beacon Power ($43M)
Range Fuels ($80M)
Ener1 ($118.5M)
A123 Systems ($279M)
Abound Solar ($400M)
This list is not complete, and there are many other "green energy" companies with government-guaranteed loans that are struggling, but I found this fascinating:
China's Suntech in Bankruptcy Proceedings

It came as no surprise today when the photovoltaics manufacturer Suntech, the world market leader in recent years, filed for bankruptcy in China. The company was well known to be in serious financial trouble and has been under investigation for having spent the equivalent of almost US $700 million for bonds that probably are fraudulent, to provide financial collateral for solar projects in Germany. Last week Suntech forfeited on a US $541 million bond, and the company's chairman, Shi Zhengrong (photo), a scientist widely admired the world over as an innovative entrepreneur, had to step down, as speculation centered on whether the Suntech's municipal sponsor, the city of Wuxi, would step in to save it with some kind of bailout package.

The news, however expected, is nonetheless, stunning. In recent years, Suntech led the pack of low-cost Chinese PV makers who laid waste to commodity manufacturers in Europe and the United States, making life impossible for innovative startups like Solyndra in the U.S. and Germany's Q-Cell, the world market leader when Suntech first emerged as a force to be contended with. But then there was sharp push-back from the United States and Europe, which imposed trade sanctions after their manufacturers complained the Chinese were "dumping" PV modules at below production costs. It now appears those complaints were well-founded, as the Chinese have run up huge debts that they cannot pay back, reportedly from selling their product at a loss. As the old joke goes, for only so long can you do that and make it up in volume.

Looked at another way, the Suntech collapse appears to be a case of a technology revolution devouring its own children. According to Keith Bradsher of The New York Times, who made his reputation as a technology and business correspondent covering the troubled U.S. auto industry, "China’s approach to renewable energy has proved ruinous, financially and in terms of trade relations with the United States and the European Union. State-owned banks have provided $18 billion in loans on easy terms to Chinese solar panel manufacturers, financing an increase of more than tenfold in production capacity from 2008 to 2012. This set off a 75 percent drop in panel prices during that period, which resulted in losses to Chinese companies of as much as $1 for every $3 in sales last year."

Suntech itself is believed to owe its Chinese creditors upwards of $2 billion.
Read the whole thing.

Get this through your head: This is not CAPITALISM. This is what happens when governments try to INFLUENCE THE FREE MARKET.

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