>I believe the government enables these actors, not prevents them. some governments, some actions. Some governments kill their people, some - protect, though s

>I believe the government enables these actors, not prevents them. some governments, some actions. Some governments kill their people, some - protect, though still killing a bit. >I think there is room for well defined externalities to be captured in transactions, but handing out subsidies to special interest in the name of technology progress is ridiculous. yep, that is the point- minimizing the subsidies. 200-50 years ago we didn't know these externalities - they weren't included. Once they recognized - they need to be included. That really means removing [recognized] subsidy. No new subsidies should be created. Any subsidies, even for green tech, limit the market forces and create tumor of special interest on the body of the economy. >I think Spain is going to provide a painful lesson in what happens when you subsidize green tech no arguing here. Have you heard about Russian cars? It is the most heavily subsidized and protected industries in Russia. Such ugly and low-tech (and overpriced) cars can't be found anywhere.