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That argument is shaky when you consider the opportunity cost associated with the inevitable increase in the cost of energy from non-renewable sources caused by
by GHFigs 18y ago
That argument is shaky when you consider the opportunity cost associated with the inevitable increase in the cost of energy from non-renewable sources caused by both increasing demand and decreasing supply. The redistribution of capital to renewable sources is just a matter of when.
- newt0311 18y agoPossibly, and understand that when is a very important question. Notice how if you place money in a bank, it gains interest. Similarly, the private capital system is very effective at deciding where and when to allocate resources. Allocating resources in an industry too early often means that all that money is lost or that it was not invested in another industry which could have had a significantly higher payoff. If history has anything to say about this matter, private markets are much better at allocation of resources (see famines of USSR and the "great leap forward" in maoist communist china).