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There should always be at least one state investment bank (for a start, it would allow for some projects to be prioritized on different grounds than usual, aka short term returns). That is a nice side-effect of the likelihood of some banks being put into receivership and nationalised for a penny: you may not even need to create it. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
With a state investment bank, there is not even the need for feed-in tariffs to finance clean energy projects.
Neither did I say that a state investment bank would solve all problems. But leaving such an important thing as investment purely in the hand of short-term bonanza seekers is crazy. Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
But .... look
IS electric infrastructure invest by the UK government a Good Idea? Of course. And I doubt I have to 'splain why.
Will it kick-start a round of economic vitality. Almost certainly no.
We know this from the affects on the economy from the history of the Rural Electrification Program carried out in FDR's administration. Yes it brought electric power to the rural areas. It did not promote a wave of use because the farmers couldn't afford to purchase products, e.g., milking machines, that could take advantage of it. She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
Yes it brought electric power to the rural areas. It did not promote a wave of use because the farmers couldn't afford to purchase products, e.g., milking machines, that could take advantage of it.
- Jake Friends come and go. Enemies accumulate.
no sense deliberately tilting the playing field against sustainable power in favor of unsustainable power
Its like taking long term investment advice from someone who's doctor said they have three months to live. I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
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