Originally Posted by
furloughfuntime
Did you read the article? Biden halted new leases on federal lands and announced his intention to buy electric vehicles. How is that a "slash and burn approach" or "meddling in major economic sectors"? I am trying to understand. The very fact that oil companies are allowed to lease federal lands shows that the federal government is not trying to destroy the industry. Would it also be meddling if the government bought cars with internal combustion engines? I don't see how this is slash and burn, but I guess we may have different definitions.
As far as the threat to pilot's jobs, that's just more fear-mongering. Nothing Biden has suggested could lead a reasonable person to believe that.
Creative destruction is part of technological change and innovation, and it's necessary. If you want them to "build the new system" so people can transition, that's exactly what these subsidies are for. Help a burgeoning industry gain its footing while we move to a more sustainable model.
Carter banned the recycling of nuclear fuel rods. Regan reversed it. To this day, there is no infastructure to recycle the rods. Once government bans something private industry stops investing in it because the risk of a future ban is too great.
Is it rediculous that over 40 years later we still just store the old rods in a containment pool instead of recycling them? Yes it is, but it is nonetheless true. Government regulation has an extremely long lasting chilling effect.