“In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a key partner.” (Jeff Immelt, GE 2008 Annual Report, quoted here)
“What else can be said about how a destructive management philosophy–long warned against by classical liberals–drove a once iconic American company into the bog? Contra-capitalism destroys wealth, not only capitalism.” (below)
A May 27, 2020, piece at EnergyWire (E&E News) reported the latest of how errant leadership, political correctness, and cronyism diminished a once proud, iconic company.
“General Electric Co. cut one of the last remaining links to founder Thomas Edison, as the beleaguered manufacturer wrapped up a three-year process to sell its iconic lightbulb business,” reported Rick Clough. The buyer was the automated ‘smart home’ firm Savant Systems Inc.…
Will green investment be prioritised in the economic stimulus packages that are undoubtedly needed? Will people think differently about travel or food security? Will we emerge with a politics that focuses more on a collective approach to global challenges such as climate? Or will we fall back into desperate attempts to rekindle the old economy and the old ways? – Rebecca Willis (UK), The Guardian, May 21, 2020
The shallowness of climate concern among the public and voters is a large elephant in the climate room. A recent poll by the American Energy Alliance confirmed that U.S. voters are much more interested in pocketbook issues than in the ephemeral, politicized issue of “climate change.” The same is true when it comes to politics as Senator Sheldon Whitehouse (D-RI) lamented earlier this year:
…There is no company that shows up in Congress on climate, except maybe Patagonia.
Governor, have an aide challenge Andrew Dessler to set up a Texas-sized climate debate against his able adversaries. This should settle things by getting the mad Professor to either put up or shut up.
Dear Governor:
In a recent op-ed in the Houston Chronicle, Texas A&M climate scientist Andrew Dessler has once again challenged you to host him and his fellow alarmists to “educate” you on what he calls the “existential threat” of man-made climate change, as well as on the merits of the Green New Deal. He has been seeking an audience with you for some time (see here), as he did prior with Rick Perry (here).
Don’t bother. This emotional, angry, highly political Professor is an outlier. He refuses to debate the uncertainty monster of global climate change, choosing to alarm his audience.…