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“The Chinese have hit a wall in terms of polysilicon costs and technology,” Jeffrey Osborne, a Cowen & Co. analyst in New York, said in an interview. “There aren’t a lot of levers left for them to pull and their labor costs are rising.”
well it is more important to understand that innovation and classic American ingenuity can win in the global market place even against low baller technocracy socialists in China.
As in most investment of this kind, you don't need to hit 100% or even 50%. You only need a few of them to succeed for the investment to be worth it.
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China has a huge labor market and cheap labor, but that's about the only reason China can build things cheaply. China hasn't been very innovative in a long time, so while they may be the "factory" of the world, not much really gets designed there. With the continued rise of robotics and automation, there is less incentive to export manufacturing to cheap labor countries. I read an article last month saying Chinese state businesses were planning at least 8 million job layoffs in the next 5 years. But, even if American companies start bringing back manufacturing, I don't see very many jobs coming back.
The problem here is the idea that we can't do this unless the government gets involved.
Henry Ford and the Wright brothers didn't need the government. In large part this is what is wrong with our investment strategy in this country.
Once was if you wanted to invest you would invest in a technology like this. Now Wall Street only cares about government welfare programs for growth.
Shut that down and there will be plenty of start up dollars out there.
I don't think it is that at all. In my opinion, it is an example of encouraging development and innovation an in industry that we collectively think is important to advance. Private industry often just seeks a profit in industries where the costs to enter the market are astronomical. So it was never going to be easy to convince private donors to invest in the industry like we did.
Last edited by thedirtypirate; 04-18-2016 at 05:51 PM..
well that is the beauty of the free market and private industries. Someone will monetize what they have created in the lab even if First Solar is all topsy turvy
I don't think it is that at all. In my opinion, it is an example of encouraging development and innovation an in industry that we collectively think is important to advance. Private industry often just seeks a profit in industries where the costs of enter the market are astronomical. So it was never going to be easy to convince private donors to invest in the industry like we did.
They do this because it's easier to just collect from the welfare programs. Stop the programs and people will have to invest in actual businesses.
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