Markets

Throughout recent history, free market governments have proven to be notoriously bad at directing economic activity. The great weakness of autocratic countries has been the failure of central planning and the same happens when capitalist countries try to interfere. The most recent example in the US is the electric car fiasco. Starting 20 plus years ago and increasing at an accelerated rate the government has been promoting electric vehicles. Despite the generous subsidies to both manufacturers and consumes the product is not popular. Inventories are building and sales are decreasing. The next failure on the horizon will be windmills and solar panels. Meanwhile a real solution for climate change is on the back burner. It is a slow and painful process but ever so slowly the advantages of nuclear are being recognized.