Have I posted this before? I can’t remember. Anyway, had fun watching it again today and thought I’d share.
In the meantime, the controversies regarding whether the Volt is succeeding or not continues to reflect the wide political polarity of the nation. Why? Because, whether you like it or not, you (meaning we all) are subsidizing this privately manufactured product, as detailed by Michael Reagan in this recent article.
Proponents and fans of the Volt take great umbrage against such criticism and have been working overtime to paint this experiment in “public-private partnerships” as a success (examples: The Christian Science Monitor and this rather vitriolic piece on Gas 2.0).
Not to put too fine of a point on it, but any economic activity that occurs primarily as the result of government spending represents: a) a redistribution of our private resources (i.e. “wealth”), b) a demonstration of a lack of economic viability (else the market would have provided it already), and c) the inevitable loss of some alternative investment, idea, or product.
Of all the points Reagan makes in his article, however, the most compelling to me is the fact that the Volt’s apparent fan-base is largely comprised of those making an average of $172,000 per year….as if they needed my help. But, in it’s infinite wisdom, the GOV says I must help them.
While I don’t share Reagan’s casual regard for fuel inefficiency, I do worry over what is, without a doubt, a revived form of economic fascism. As odd as it sounds, I’d much rather have the European freedom to buy a nice useful and economical diesel vehicle. But, alas….at least we have a few to choose from.