The clip above is embedded from the Jon Stewart “The Daily Show” episode that was aired on Thurs., September 15, 2011.
Government “industrial policy” is likely to fail for many reasons. One is that the government decision makers are unlikely to know which future technologies will turn out to be the best ones. Another reason is that even if they know, government decision makers often decide based on what is politically expedient or what is beneficial to their friends.
Solyndra is a case in point, as Jon Stewart hilariously reveals.