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When one government bet on solar power failed (Solyndra) the message from the right in the US was, "look what a waste it is for the government to invest in sola
by jyounker 1y ago
When one government bet on solar power failed (Solyndra) the message from the right in the US was, "look what a waste it is for the government to invest in solar technology," instead of taking the appropriate lesson. That lesson was that we weren't spending enough backing solar companies.
China shoveled billions into developing solar manufacturing technologies, and as a result they figure out how to cheaply mass-produce solar cells. Solyndra failed because they couldn't compete against the resulting cheap solar cells.
- standardUser 1y agoWe'd be similarly behind with self-driving tech if it wasn't for the endless investment by megacorps.
- corimaith 1y agoBut solar panels are undergoing involution in China while there is mass youth unemployment. Alot of these are zombie companies selling at a loss and propped by provincial debt. You're measuring success only in with regards to how it might benefit you as a foreigner, but dosen't necessarily mean it was wholly successful for the China.