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The free market really has no method of pricing developments with 30+ years to profit/free cash flow. The government first started subsidizing solar to be pric
by lumost 6y ago
The free market really has no method of pricing developments with 30+ years to profit/free cash flow. The government first started subsidizing solar to be price competitive in specific situations in the 1970s.
There simply aren't any rational free market actors funding large unprofitable initiatives for 40 years with the expectation that the technology will be a bananza after all the principals have retired or are dead.
- Hammershaft 6y agoExactly, private market r&d dollars chase a local maximum that influenced by the length of patent laws.