Friday, September 16, 2011

Venture Socialism

...Solyndra proves President Obama’s investment strategy doesn’t work. Venture socialism never will. Making investments based on political goals, not competitive merit is an outdated European notion—not a successful American one.

The Obama Administration’s decisions to favor companies like Solyndra, while targeting thriving job-creators like The Boeing Company and Gibson Guitar is not only unfair, it demonstrates sheer ignorance of economic principles that have made America the most prosperous country in the history of the world....

The Obama Administration shouldn’t be given another chance to attempt to pick winners and losers in the market. The government should not be permitted to micromanage the economy and decide what industries will thrive or perish. The only economic system that works is one based on free people making free decisions. Venture socialism will never produce the success that free-market capitalism has. Solyndra is proof.
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