Monday, November 24, 2008

The government and green technologies

A part of Obama's massive stimulus program that he's going to push in January is to set aside a whole lot of money for the government to create green technologies (to gin up a new "green collar economy" that will usher American industry into the next century). Does that mean he's going to create a "Manhattan Project" for green technologies? I hope not. We're better off providing tax breaks, grants, and incentives for corporations and universities to innovate. That's where all of the exciting stuff is already happening, and these are the people who are going to make the breakthroughs. Let capitalism do its thing, and not get government too involved.