Alternative energy (or renewable energy) is a new manufacturing industry paradigm that is in its infancy. However, the discussion is not new, and it looks as if the United States has positioned itself to be behind history on what can be a very promising industry for a stumbling economy. After the oil shortages in the 70’s, government officials began discussing energy policy as a matter of national security, but this misses the point of a globally competitive economic world. It was too early then to begin thinking that China could out-invest the United States in order to produce an alternative energy manufacturing industry. Yet, now we must come to terms that the free market ideology is disallowing America from utilizing tried and true techniques of infant industry construction as laid out by Alexander Hamilton, the first Secretary of the Treasury of the United States. Full article at: The Need for a Real Domestic Alternative Energy Policy in the USA
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