printLast night we dined at a local eatery in our Washington State town. Parked outside the restaurant was the electric commie car, the Tesla Roadster.
Well of course, the pinkos who proliferate and rule my state are as dumb as they are dastardly.
DUMB because they fail to understand that, “Whether a vehicle is propelled by hydrogen-powered fuel cells or electricity, both electricity and hydrogen don’t magically materialize in the vehicle. They must first be generated. Be it coal, natural gas, nuclear or a hydroelectric dam, these cars are only as clean as the original source of energy that generated the vim that powers them.”
Other than to increase the consumption of gas, because people drive more in them, state-sponsorship of so-called fuel-efficient cars is a grand exercise in compulsory misallocation and waste of capital. It proves that the development of technologies is best left to the market, not to environmental bureaucracies. The electric car is a marvelous metaphor for the legislator’s attempt to shackle the ‘wayward’ consumer. Purchase one, and your best bet is to avoid straying too far from the socket in your garage, or, alternatively, drive with a very long extension cord, lest your vehicle turn into something not nearly as useful as Cinderella’s pumpkin at midnight. The benefits to the consumer are few, much less to the environment, unless a steady discharge of lead, cadmium, and nickel—the byproducts of batteries—is a blessing in disguise.
DASTARDLY because the immoral pinko has no qualms about forcefully taking from taxpaying Americans to give to favored state-sponsored interests, like Tesla Motors and Fisker Automotive.
The first “received a $465 million loan from the Department of Energy.”
Here, Republicans deserve to be reminded to hang their heads in shame. “The Department of Energy loan program was created in 2007 during the George Bush administration,” for the purpose of manufacturing the equivalent of the USSR’s “People’s Car.”
The second “has received $193 million of a $529 million Energy Department loan … Fisker Automotive — the electric-car maker that was granted a half-billion-dollar federal loan and on Friday dismissed about 75 percent of its remaining workforce — is purportedly facing a lawsuit from the same firm that sued the government-funded Solyndra company …Fisker laid off 160 of its roughly 210 employees Friday morning from its Anaheim, Calif., location.” (Fox News April 06, 2013.)
Don’t look to GOOGLE to serve you news straight up either. News about the bankruptcy or lack of viability of these subsidiaries of the state does not pop up first in related searches.
Writing in the Mises Institute’s indispensable Free Market, PETER G. KLEIN partially explains the dynamics that underpin these examples of American fascism (state-corporate collaborations). “Partially,” because Dr. Klein omits the private-property variable and philosophical fulcrum. (And the editor of TFM does Dr.Klein a disservice by giving the essay a title that is unexplained in the text: What on earth is “Tang”? Writers/editors should never assume their readers know what they’re talking about.) Explains Klein:
Today, when we look at private companies like Google,
Apple, and Facebook and marvel at their innovations, we
should remember that these companies are constantly
subject to market tests, and that the goods and services
they innovate must be accepted by consumers to be profitable. When they succeed, we know that they are creating value for society because consumers have chosen their products and services over others.
The goods and services produced by the Rand Corporation and the Pentagon and the National Science Foundation do not face any kind of market test. The goods and services they produce are valuable to the directors, and
members of Congress, and to the researchers themselves
who are on the payroll, but the value of this research is
determined arbitrarily.
Tesla and Fisker “produce” for the dim-witted Hollywood and D.C. elites, whom YOU are forced to finance. That’s it.
Fisker and Tesla are fisting* the paying public.
***
* Disclaimer: The reason I know about this practice is because I used to volunteer as an HIV/AIDS counselor in South Africa. Filthy and perverted, it’s an appropriate metaphor for robbery by state and special-interests.