“Start-ups, not bailouts: nurture the next Google, don’t nurse the old G.M.’s.”
Sorry mates your times up! Click cut… paused… stop that is how the losers life line to cut softy delicately boldly with your angelic nursing hands, put their suffering end, put them into death. Gee… let the loser- assholes kick their bucket, don’t afraid of their burial cost, in the long-run that is much cheaper. Mercy killing act of compassion their suffering. NY Times,
Friedman is flipping in his frying pan, an epicurean aphrodisiac for the warn out gigolo economy.
You want to spend $20 billion of taxpayer money creating jobs? Fine. Call up the top 20 venture capital firms in America, which are short of cash today because their partners — university endowments and pension funds — are tapped out, and make them this offer: The U.S. Treasury will give you each up to $1 billion to fund the best venture capital ideas that have come your way. If they go bust, we all lose. If any of them turns out to be the next Microsoft or Intel, taxpayers will give you 20 percent of the investors’ upside and keep 80 percent for themselves.
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These jobs will be in engineering, constructing and operating huge solar systems and wind farms and manufacturing new photovoltaics. Together they will drive innovation in all these areas — and move wind and solar technology down the cost-volume learning curve so they can compete against fossil fuels and become export industries at the “ChinIndia price,” that is the price at which they can scale in China and India.
That is how taxpayer money should be used to stimulate: limited financing, for a limited time, targeted on an industry bristling with new technology start-ups that, with a little push from Uncle Sam, won’t just survive this crisis but help us thrive when it is over. We need, and the world needs, an America that is thriving not just surviving.
But end of the day which ones are faster for the economy as always new industries take time for embryonic period to growth, so old industry in their death beds may be faster recovery; tuck in here tuck in there bit of cosmetic surgery under skillful surgeons knifes… yes depend on a surgeon with his intuition and years experience... Very expensive politically driven as a large jobs on the lines so not that easy...
