> The most compelling option was actually ethanol. But from the perspective of GM, Kitman wrote, ethanol wasn’t an option. It couldn’t be patented and GM couldn’t control its production. And oil companies like Du Pont "hated it," he wrote, perceiving it to be a threat to their control of the internal combustion engine. I'm generally an avid beliver in free markets as an agent for positive change, so these types of "r…
>Perhaps the government should open companies that are meant to lose money and are tax supported (for-loss conpanies) that compete with the industry with solutions that are good for the people but bad for business? Many government owned companies actually make a profit until private industry lobbies them into ineffectiveness. The US Post Office was profitable until a change lobbied by Fed-Ex and UPS forced them to ke…
I do think it would be useful for economists to analyze the conditions under which state-run entities create good outcomes, but in the currently charged political climate, it probably won't happen.