Governments Acting as Venture Capitalists
March 6, 2012 by SARTRE · Leave a Comment
The Solyndra debacle is not the exception. The practice of government funds underwriting the costs of questionable ventures is a failure of basic common sense and meaningful oversight. The lack of wisdom in adopting a public policy that picks and chooses actual companies for government subsidies, should be self-evident. However, the crony relationships that finance elections, writes the legislation and is rewarded with fat government checks is so entrenched that hardly an eyebrow is raised with the exposure of each new scandal.
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