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Solyndra and the scandal of Tomorrowland

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Venture socialism.

Megan McArdle, explaining why the federal loan guarantee to the now-bankrupt solar company Solyndra is more venture socialism than venture capitalism, concluded: [T]his isn't much like a VC. Or anything else that makes financial sense in the private sector. It's like… the government giving money to companies that sound whizzy. Instapundit Glenn Reynolds added: “A [...]

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Karl 03 Oct, 2011


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Source: http://hotair.com/archives/2011/10/02/solyndra-and-the-scandal-of-tomorrowland/
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