Jason Barton

Professional Information and Energy News

Limited Government Intervention Can Aid Innovation

without comments

Especially during the healthcare debates, many were heard to decry increased government intervention as stifling not only the economy, but also innovation. Many of the concerns regarding the inefficiency of the federal government were certainly valid, and I stand by my contention that, while every person in a country as wealthy as the US ought to have basic healthcare, the federal government is not the most efficient instrument to carry out this mission.

But for those who ask what new technologies have come out of the much more socialist Europe, I point to the vast strides they have made in renewable energy. As I said in an earlier post, Germany and China are leading this charge, two countries that have far more government intervention than we have here.

Yes, more fence sitting. I take the stand that limited government intervention is necessary to set the framework for more long term thinking, to provide the guidelines for business activity that will provide the same options we have now in terms of resource availability for future generations. Once that framework is set, the market ought to be able to work out the most efficient means to maximize welfare given the world’s physical constraints.

The quote below by Pietikainen captures this sentiment. Wow, imagine that coming from a socialist politician.

European Business and Policy Leaders Discuss the Role of Innovation and Energy

BRUSSELS, September 29, 2010 /PRNewswire-FirstCall/ —

– Dow Corning-Sponsored Roundtable Spotlights European Commission Vision to Accelerate Development and Deployment of Economic Stimulating, Low-Carbon Technologies

Political representatives and business leaders today provided a glimpse into the role that innovation and energy technologies will play in the economic recovery and environmental protection in Europe.

The roundtable at the European Parliament in Brussels was sponsored by Dow Corning and co-hosted by Members of the European Parliament (MEP) Fiona Hall and Sirpa Pietikainen. Panel participants exchanged views on pressing issues that will be addressed this autumn by the European Union’s institutions to position Europe for the 21st Century, including the upcoming innovation strategy and the revision of the EU’s industrial policy.

[…]

“Europe must ensure that companies can operate in a business-friendly environment that promotes low-carbon technologies and innovation,” said Pietikainen, “which will contribute to solving Europe’s greatest challenges by reducing costs and improving resource efficiency in production processes.”

Read the entire article here.

Written by Jason

February 11th, 2011 at 10:02 pm