Pollin: Yeah, they dont say its industrial policy; they say its defense policy. and what we reallyif were going to develop in the kinds of technologiesa. For example, Solyndra, I mean, why did Solyndra fail? Well, there may be many specific reasons why it failed, but the biggest reason is that solar technology is not commercially affordable right now, whether its from Solyndra or anybody else. and so then if we are going to drive down the cost of generating electricity through solar power, which we have to do, we have to subsidize it, whether its Solyndra or some other companies or strictly within the government. Thats industrial policy. and so that has to be done in an aggressive way, as is being done in Germany. I mean, Germany has said theyre going to be run 100 percent on renewable energy. and Germany is, you know, a U.S. living standard, basically. So if Germany can do ita. and, by the way, theres less sun per hour of day in Germany throughout the country than in the United States. So if Germany can do it, then the U.S. can do it. But we have to be focused on it as an industrial policy. Jay: Okay. In part two of our interview, well dig into a little more militarism as an industrial policy and start to talk a little bit about what an alternative industrial policy might look like. So please join us for the next segment of this series of interviews with Bob Pollin on The Real News Network.
Posted on: Mon, 11 Nov 2013 23:03:02 +0000
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