The Solyndra Syndrome

“Electric-car-battery manufacturer A123 Systems Inc., the recipient of nearly $250 million in government grants, filed for Chapter 11 bankruptcy protection Tuesday.”

See more, here and here.

From the WSJ:

In a bid to jumpstart the electric-car-battery industry, the U.S. government has provided more than $1.2 billion to battery makers in the past three years. But [...]

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We’ll All Be Dead By The Time This Pays Off

This is what happens when politicians allocate your precious resources instead of letting the market decide where capital should be invested. This article from the Wall Street Journal discusses the failure of the government’s investment into batteries for electric vehicles. The outcome was inevitable. As you can read below, when faced with failure, bureaucrats then [...]

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