
IPFS News Link • Government
Short Circuiting The Market
• http://www.lewrockwell.com, By Eric PetersThe result – back then – was the Trabant and Lada.
Today, the result is electric lemons like the Tesla and Chevy Volt and Honda Fit EV.
People won’t buy them on the merits – because there aren’t any merits (not any that make economic sense, that is) so the government steps in with “incentives” – massive subsidies: $7,500 to the individual buyer and god-knows-how-much to the corporate cartel that made the thing. Anything rather than accept the market’s verdict that these vehicles are not economically viable.
And that’s as Soviet as it gets.