Some Investments Are Bound to Fail–But Only Time Will Tell Us Which Ones

Unscrupulous people, as well as tens of millions of idiots, are enraged by these failures and interpret them as evidence of incompetence and/or corruption.
On the other hand, fair-minded people understand that it’s impossible for all these investments to be winners; some are bound to fail as the advancement of technology makes unforeseeable twists and turns.
The plummeting costs of solar PV and wind over the past 10 years wiped out a great number of investors in both the private and public sectors, and solar thermal (shown here) was only one.
As an example, I used to attend the annual conferences on hydrokinetics, and I always looked forward to them. Guess what? They’re gone. They no longer exist, as a result of the fact that the LCOE (levelized cost of energy) of all forms of hydro can’t compete on large-scale projects, and thus have been relegated to small, niche applications.

If you don’t mind crying like a little kid, I hope you’ll watch the video below featuring Iris Dement singing “Our Town”; the theme is a sad one indeed.
What JD Vance says at left cuts across everything this country was founded on, and for that reason, it’s bound to fail.
I can’t swear that the meme here speaks the truth, but it’s certainly possible, and more to the point, it illustrates the fact that hydrokinetics has important (although narrow) applications in the constellation of renewable energy.
There are dozens of changes in what it means to be a conservative in America that have been made over the past decade, but perhaps the most glaring is the disdain these folks suddenly have for education.
Here’s a
We all need to hope that the thought expressed at left becomes true, because the only alternative is Trump’s reaching the same status in the United States that Putin has in Russia, Xi has in China, and Jong Un has in North Korea, i.e., supreme leader for life.
In the United States, we are a million miles away from a government that works to ensure that its citizens are taken care of, and that at least their basic needs are met.
If you think that Trump’s brand is toxic now, just wait and see how this all turns out.
Is it possible that a (supposedly) more efficient internal combustion engine powered by fossil fuels could win the day as we move further forward into the 21st Century?