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A bit ironic to read a liberal supporting trickle-down economics. I guess it's ok when it comes from government subsidies.
by patrickaljord 14y ago
A bit ironic to read a liberal supporting trickle-down economics. I guess it's ok when it comes from government subsidies.
- philwelch 14y agoIt's not "trickle-down economics". Trickle-down economics is when you use economic policies that benefit the rich hoping that the rich will spend that money in ways that benefit others. This is subsidizing the adoption of new technology, hoping that the technology itself develops to a mass-market state.
- richardw 14y agoOnly in the US would I be considered a liberal. I have some conservative views, some liberal, some centrist. Sometimes I change my mind, even. I hope to continue doing so. On the specific issue, they have to start with a narrow market and high cost. Classic crossing-the-chasm stuff, or Porter's differentiation strategy focusing on a different market segment than the Prius. They've changed the perception of EV's, making them desirable where alternatives were ugly tradeoffs that screamed "bunnyhugger". You couldn't get me into a Prius, but I'd really like a model S. I suspect Mr Musk would have done just fine without government support, but I'm sure it's helped a lot.