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Q. Explain growth flow -- your method for picking technology stocks.
The federal government shouldn't be in the business of picking technology winners.
Everyone did well with their investments just by picking technology stocks or companies whose name ended with.com.
And the third is that Solyndra's bankruptcy case shows why government bureaucrats shouldn't be picking technology winners and losers — or making risky investments that the private sector won't.
"The worry is that the government will invest in the wrong technologies," he says; picking technology winners is something that "historically it has not been very good at .A far more effective way to promote the growth of renewable energy, he believes, is to put a price on carbon dioxide emissions through a carbon tax or a cap-and-trade scheme (see "Carbon Trading on the Cheap").
"Government is bad at picking technology winners and losers," Stuntz said, and "subsidizing specific industries doesn't work".
Similar(49)
That way governments are not picking technologies that may or may not work.
Helm believes that when the state acts as a central buyer of electricity it is taking a view on future prices and picking technologies to back with subsidies.
Venture investors might be skilled at picking technologies, but few of them have the deep pockets or the patience required to compete in a capital-intensive business such as the manufacturing of solar modules.
This establishes policymakers in the same role they might have if they were in charge of picking technologies to develop.
Meanwhile, the state's efforts to pick technology winners have been patchy.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com