What Bill Gates gets wrong
Posted by Dick Munson on February 8th, 2010
Bill Gates enters the energy fray to make a case for innovation in the energy industry. That’s all well and good — we need more innovation in this country. After all, there has been no Bill Gates equivalent in the electric sector. The problem is that Gates doesn’t quite understand why.
Instead of pointing out the immense barriers to competition and recommending that we tear them down, he suggests that we throw more money at innovation while the current system, presumably, would remain in place. Wrong, wrong, wrong. That’s not going to work — Sean Casten explains why we need to change current energy regulations in a Grist blog.
