Choice magazine might have to include this industry in the “Shonky Awards” for next year…Or maybe the RBA might start a new “Ponzi Scheme” Award….
When the wind industry and its worshippers start chanting their mantras about the ‘wonders’ of wind, it isn’t long before they start preaching about the examples purportedly set by the Europeans; and, in particular the Nordic nations.
That the wind power fraud was driven by Denmark’s struggling turbine maker, Vestas probably has a fair bit to do with the worshippers’ fanatic-cult-like veneration of Scandinavia.
But, hold the phone?
It seems that economics works in precisely the same fashion in Denmark, Sweden, Finland and Norway, as just about everywhere else (save Cuba and North Korea, say?).
When you’re trying to sell a ‘product’ with no commercial value, the ‘business’ – for want of a better word – can only be about what you can extract from gullible/compliant governments (and unwitting power consumers), in the form of massive and endless subsidies.
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