4 ms·
Correct. I should have quoted the article ". Take solar energy. In 1954, three American researchers at Bell Labs, the R&D wing of AT&T, built the first modern
by initramfs 4y ago
Correct.
I should have quoted the article ". Take solar energy. In 1954, three American researchers at Bell Labs, the R&D wing of AT&T, built the first modern solar-cell prototype."
"Our ability to decarbonize the grid is held back by environmental regulations that ironically constrict the construction of solar- and wind-energy farms."
The issue is the technology to develop solar may be available, but for over 100 years there have been cases where innovation seems to be blocked, by lobbying, rather than undiscovered or undeveloped. While it may have taken years to refine Cove's discovery for commercial readiness, it would not be impossible had their been so much resistance to it. That still seems to be the case today.
- ZeroGravitas 4y agoThe classic example is James Watt's improvements to the steam engine. He partnered with a lawmaker and got his patent extended, lots of other improvements that built on top had to wait for his patent to expire before they could be more widely used. https://mises.org/library/james-watt-monopolist https://mises.org/library/james-watt-monopolist