Thank you for this concise article. I like to imagine what would happen if, suddenly, through an unforeseen technological advance, solar became truly efficient and commercially viable. Because such an advance would make energy cheaper, we would all be rushing to buy the new technology! It would just make economic sense. Subsidies? What subsidies, get out of the way – everybody would just have to buy it now. The market would take the whole matter out of the politicians’ control very quickly.
Now, imagine the expressions on the greenie politicians’ faces. Confusion. Shock! Disgust! Anger! Outrage! Wealth creation? That wasn’t what was supposed to happen!!! Yes, they have another goal entirely.
When technology advances, it brings you more value for a lower price (adjusted for inflation). Just look at any manufactured item around you. I like give the example of the handheld calculator, they started out costing hundreds of dollars and now they are much better and cost 5 to 10 dollars.
