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What is a “green job” anyway? Few can adequately define one. Even the government isn’t sure, you will learn in these pages. Still, President Obama and environmentalist coalitions such as the BlueGreen Alliance claim the creation of green jobs can save America’s economy, and are worth taxpayers’ investment.
But in Regulating to Disaster, Diana Furchtgott-Roth debunks that myth. Instead, energy prices rise dramatically and America’s economic growth and employment rate suffer — in some states much more than others — when government invests in nonviable ventures such as the bankrupted Solyndra, which the Obama Administration propped up far too long.
Electric cars, solar energy, wind farms, biofuels: President Obama’s insistence on these dubious pursuits ultimately hamstrings American businesses not deemed green enough, and squeezes struggling households with regulations. Adding insult to injury: the technology subsidies Americans pay for solar panels, wind turbines, and electric batteries really help create manufacturing jobs in China and South Korea.
Green jobs are the most recent reappearance of a perennial bad idea — government regulation of certain industries, designed to anoint winners and losers in the marketplace. Regulating to Disaster reveals the powerful nexus of union leaders, environmentalists, and lobbyists who dreamed up these hoaxes, and benefit politically and financially from green jobs policies. Unfortunately, there are more Solyndras on the horizon, and our economy is in no shape to absorb them.
- Sales Rank: #1621534 in eBooks
- Published on: 2012-09-25
- Released on: 2012-09-25
- Format: Kindle eBook
About the Author
Diana Furchtgott-Roth, former chief economist of the U.S. Department of Labor, is a senior fellow at the Manhattan Institute, a MarketWatch columnist, a contributing editor of RealClearMarkets.com, and a monthly columnist for Tax Notes. From 2001 to 2002 Ms. Furchtgott-Roth served as chief of staff of President George W. Bush's Council of Economic Advisers. She also served as deputy executive secretary of the Domestic Policy Council at the White House under President George H.W. Bush and as an economist on the staff of President Reagan’s Council of Economic Advisers. Ms. Furchtgott-Roth, who has degrees in economics from Swarthmore College and Oxford University, lives in Maryland with her husband Harold. They have six children and two dogs.
Most helpful customer reviews
3 of 4 people found the following review helpful.
GREAT BOOK
By Matthew P. Schwob
DFR lays bare the real cost of alternate energy. We are dealing with this in Eastern North Carolina as Torch LLC. from Houston has proposed a plan to install wind turbines in the local area. They are unreliable. Power must be supplied to customers when the turbines are not spinning, so a duplicate power supply must already be in place. You are now operating two different power generation systems inefficiently...while the turbine is generating power, the traditional power station is operating at less than optimal efficiency. OBTW...a recent article in Forbes-Business tells the tale on Germany as they push alternative energy in previous decades are now building eleven (11)...you read that correctly, new hard coal plants to take advantage of cheap coal prices over the next two (2) years.
2 of 3 people found the following review helpful.
Where the Sun Stops the Buck Starts
By Stephen C. Baer
Regulating to disaster, which includes promising chapters on "The Green Job Theology" and "The Opiate for The Masses; Moral Superiority" is a readable study of some of the problems caused by expert government planners. Furchtgott - Roth doesn't go far enough for this reader. Why all the footnotes? Frederic Bastiat, who she mentions, didn't need footnotes to make the point in his 1850 essay, "that which is seen and that which is not seen" nor do we need them today.
We are victims of a false choice. Choose between inexpensive but polluting coal power plants and expensive less polluting solar power plants. We are not to see through this trick. Skip power plants and use the sun directly for light, for drying, for heating.
4 of 7 people found the following review helpful.
A One Sided View
By Steve Novak
It points out all of the negatives, but does not mention any of the upside of solar and wind energy. I understand the shortcomings of government deciding what will work and what won't, but a more balanced view would bolster the author's citicisms. I would not really recomend it to anyone.
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