RadioRaheem84
4th November 2009, 16:47
One thing I keep hearing about is how there will a new bubble to prop the economy and that bubble is going to be green. Since the US lacks a real productive economy, future administrations will have to look to renewable energy resources to get the country moving again. Several firms like Goldman Sachs are already investing in green companies, but they know that their value will be worthless without legislation that favors climate change initiatives. They expect the government to subsidize and promote these companies in the long run while they invest, reap and sell, all without actually owning any assets.
Robert Bell, economist at Brooklyn College CUNY, says that this will revolutionize the world as the many nations jump on the bandwagon. Yet, while the world will be left with a cleaner Earth, they will also be left with a limitless energy supply that's practically worthless, since it will be too cheap to meter.
Interesting take on the bubble phenomenon of the past 20 years. What do you guys think?
Robert Bell, economist at Brooklyn College CUNY, says that this will revolutionize the world as the many nations jump on the bandwagon. Yet, while the world will be left with a cleaner Earth, they will also be left with a limitless energy supply that's practically worthless, since it will be too cheap to meter.
Interesting take on the bubble phenomenon of the past 20 years. What do you guys think?