I often worried when I found that the government bureaucrats, academics and politicians to assume that they are so wise, that they can create jobs, which will automatically make money. Indeed, I find this fascinating because, more often than not they have experience in the business. As a taxpayer, I worry when politicians and such think they can borrow the power of free markets, to change regulations, subsidies rise, and then March forward with their pet projects.
Oh it's always in the name of good cause, just as the "road to hell is paved always with the greatest of intentions." I have an acquaintance who tells me the path to innovation through government to the private sector, academic-corporate partnerships, the rate on them. Yet, every time we give an example, all I see is waste, inefficiency and stupid mistakes that entrepreneurs use their own money would have seen coming miles away.
There is an interesting article in the New York Times titled: "The batteries in electric cars inspected after Chevy Volt Fire", Nick Bunkley 11th studenog 2011. The article states that,
"The U.S. has put billions of dollars into programs to promote the battery and electric vehicle production. Large, high-voltage batteries used in plug-in vehicles can be easily damaged in a crash than traditional batteries and create more potential for electric shock passengers and rescuers. Volt 400-pound, T-shaped battery life extends to the middle of the car and the rear seats, and not fitting under the hood with the engine gas-powered vehicles. "
The article also noted spontaneous fires in laptops with lithium-ion batteries as well. Okay so, my comments here as an automotive consultant, best summed up in a joke,
"Well thank God that there was no Hydrogen Car Then !"
"Sounds like a rolling Hindenburg disaster to me !"
Look at any time you have new technology will have challenges, such as carbon composite aircraft Boeing 787, it was delayed for 3-year, as did the bugs to be perfectly safe, see the point? But still, I want to remind people of the Chevy Volt, that we should expect him to "failure" because it was the government gets involved, subsidized industries, companies or their products, you can bet there would be problems, for example, Solyndra .
Ok, so let that be a lesson for all. And let's get government out of business, and crony capitalism, from the game using our taxpayers' money. We do not need more spontaneous combustions in a free market, we are dealing with enough kick-back from previous mistakes such as this. Please consider all this and think about it.
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