failure - Spain

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Sad story - the Spanish government is socialist and they have bought into a lot of the green energy scams.  Here, they were selling solar arrays to citizens with the idea that they would be subsidised, that the citizens would pay to buy these for a few years and than after they had been paid off, the citizens would then recieve revenue from the sale of electricity to the grid.

The subsidies were so much of an incentive that they oversold the program and subsequently ran out of money leaving this poor guy (and everyone else) high and dry and deep in debt.

From France24:

Once again, central planning simply does not work. Never has. The people involved in centra planning think that they are smart.  They are not.  They are credentialed.  There is a huge difference...

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This page contains a single entry by DaveH published on March 21, 2022 8:08 AM.

I do feel sorry for the workers but the schadenfreude is delightful was the previous entry in this blog.

Seeing the writing on the wall - VP Harris' advisers is the next entry in this blog.

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