Sunday, April 07, 2013

Wrong way, go back | Lomborg

http://m.theaustralian.com.au/news/features/wrong-way-go-back/story-e6frg6z6-1226614414896
The analogy here is the computer in the 1950s. We did not get better computers by mass-producing subsidised vacuum tubes. We did not provide grants so that all westerners could have a computer in their homes in 1960. Nor did we tax alternatives such as typewriters. The breakthroughs were achieved by a dramatic increase in R&D, leading to many innovations, which enabled companies such as IBM and Apple to produce computers that consumers eventually wanted to buy.

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