Wednesday, May 23, 2012

Governments are NOT good at picking winners

Paul Howes, senior trade union official, thinks governments should be involved in industry planning and development, such as renewable energy. Government subsidies and trade union super funds are what keep the uneconomic wind farm and solar industries afloat and our electricity bills ever higher. On the other hand, Henry Ergus of the Business Council counters by saying "LOSERS are much better at picking Governments than Governments picking winners". The myths of the renewable energy industry are well documented by Caldwell HERE