…It there any reason to think that the particular superwealthy who have invested in, say, the photovoltaic industry, are any more evil than the superwealthy who have invested in coal or oil? And if the politicians are so beholding to these green energy investors, those investors must be pretty numerous, wouldn’t you think?..
Leaf…
First point is investors are not evil. They are people willing to risk their money on projects that may, or may not, succeed, in the belief that they will gain a profit-in plain language, they take a risk with their money, because they think the new business/industry will turn a profit, and they will make lots of money. Most of the time, investments in new, untried things, fail, and investors lose their money, but sometimes they don’t and people get very rich.
Coal and oil are industries based in actual use: they were developed by private investments, were successful and so useful to the general population that they are fully integrated into the economy. They are useful energy sources accepted by the entire world.
The “PhotoVoltaic Industry” is a government invented industry–as is “wind energy.” They only exist because of subsidies provided by the federal government–which was done, by the Feds, with the specific intent of replacing some, or most of, oil, coal and gas.
These “industries” cannot exist without government subsidies because they are inefficient, and super expensive providers of energy-compared to standard sources. Because they are inefficient and costly, and not likely to actually be successful, normal investors will not provide investment funds unless certain profits are guaranteed by the federal government–which is exactly what is happening.
Consequently, once started, these “industries” are completely dependent on political support. Without friendly politicians they go out of business, and they lose the actual money they invested based on political promises. So, they, are required, for their very existence, to support the politicians who will continue to provide their subsidies.
So, to answer your question, Yes, the photo-voltaic and wind industries pay politicians who specifically will support their industries with tax-payer money. Think of Solyndra (there are others, but Solyndra is the most well known): it was supported by our government to the tune of $500 million dollars, and it still failed. But, the really wonderful thing about the failure is that the “investors”.didn’t lose anything–the people of the United States lost everything.
Of course, Solyndra’s investors" supported Obama and the Democrats’ election campaigns with $100s of thousands in donations. They knew who buttered their bread. And, they did.