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Absent Musk, someone else would have worked out how to arbitrage government subsidies on efficient cars, household solar and space flight. That's how capitalis
by InitialLastName 2y ago
Absent Musk, someone else would have worked out how to arbitrage government subsidies on efficient cars, household solar and space flight. That's how capitalism works: if there's free money floating about, someone will figure out how to take it.
- smsm42 2y agoThere were - and are - a lot of companies vying for those sweet subsidies. And most of them can't make it work even with subsidies. Maybe Toyota with their prius is getting anywhere, the rest are mostly a footnote. And yet, Musk comes and makes a successful business there. I think there's something more than subsidies in play. Sure, subsidies help, but a lot of people failed where Musk succeeded.