In todays NYT Tom Friedman writes (in an otherwise right on column):
I wasn’t surprised to read that the solar panel company Solyndra, which got $535 million in loan guarantees from the Department of Energy to make solar panels in America, filed for bankruptcy protection two weeks ago and laid off 1,100 workers. This story is an embarrassment to the green jobs movement, but the death by bankruptcy was a collaboration of the worst Democratic and Republican impulses.
I wondered about the details when I read this, and found this great article:
It’s a bit long and detailed and well worth at least skimming. It is a perfect object lesson in the dangers of corporate power–particularly the power of huge corporations to change the discussion and get falsehoods into the mainstream of accepted thought, all to advance their own bottom line in the short term and to squash new innovations and ideas. It makes very clear that right now, still, the oil industry has far more power than is good for the country or the world.