Alternative energy and the Automobile Industry

[Jamougha]

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Mark,

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The profit motive works, if the electric car has a viable market someone will direct capital towards that cause.

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It does, as proven by the Rav 4 EV. Electric cars would be in production if the patents on the battery technology required to make them practical were not controlled by Chevron. Market failure.

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Uh, how does the fact that PATENTS - which are a GOVERNMENT-GRANTED MONOPOLY - are preventing an outcome that you believe would occur without them constitute a MARKET failure???

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By the technical definition of the term 'market failure'.

I didn't say that the market is 'to blame', whatever that would mean about such an abstract entity.