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Cape Wind Ready To Bring First Offshore Wind Farm

An anonymous reader writes "The Cape Wind Project, a wind farm of 130 turbines to be built in Nantucket Sound off the coast of Cape Cod, can finally move forward as they have been given a green light by the US Minerals Management service. Leaders from labor, civic, and environmental groups across Massachusetts and the country hailed the release of the report, as it is the final federal environmental report needed for the long delayed and much scrutinized project to finally move forward. When completed, Cape Wind will be capable of supplying up to 420 megawatts of electricity, potentially offsetting as much as a million tons of carbon emissions and saving more than 100 million gallons of oil every year. But the environment wont be the sole beneficiary of Cape Wind. It will likely be a boon to out of work Massachusetts residents, as well, given that as many as 1,000 green jobs could be brought to the Bay State in addition to a significant supply of clean, renewable energy."

147 comments

  1. Two major roadblocks by homesnatch · · Score: 2, Informative

    The two major roadblocks were this federal report and Ted Kennedy... Ted's bloated ass is in the hospital and the federal report gives the green light.

    1. Re:Two major roadblocks by internerdj · · Score: 2, Funny

      If he is in the hospital, where are they going to get the wind from?

    2. Re:Two major roadblocks by Van+Cutter+Romney · · Score: 1

      I hear Bill O'Reilly is moving to Mass. to 'bloviate'.

      --
      Help a man when he is in trouble and he will remember you when he is in trouble again.
    3. Re:Two major roadblocks by Shadow+Wrought · · Score: 1

      It certainly casts doubt on the two being coincidental...

      --
      If brevity is the soul of wit, then how does one explain Twitter?
    4. Re:Two major roadblocks by MRe_nl · · Score: 1

      A girl from Nantucket.

      --
      "Kill 'em all and let Root sort 'em out"
    5. Re:Two major roadblocks by Rei · · Score: 1

      By a scallop's forelocks, that is odd timing!

      --
      My hand to God. Baby geese. Goslings. They were juggled.
    6. Re:Two major roadblocks by Sponge+Bath · · Score: 1

      A girl from Nantucket...

      ...put her sand in a bucket.
      She dug and she dug,
      and piled her sand high,
      then said: "Don't ride with Ted Kennedy o'er a bridge,
      or you will die."

    7. Re:Two major roadblocks by MRe_nl · · Score: 2, Funny

      There once was a girl from Nantucket
      Who crossed the sea in a bucket,
      The wind farm was there
      Chopped her head and her hair
      Still Ted pulled up her dress and said "FUCK IT

      --
      "Kill 'em all and let Root sort 'em out"
    8. Re:Two major roadblocks by Anonymous Coward · · Score: 0

      This project actually effects me. It is not just Ted, he is not alone. There are a lot of very wealthy and well connected people that own homes on Nantucket that have been fighting this project tooth and nail out of fear it will cause too much sound or pollute ocean views from the Island, along with some fear it will interfere with fishing. And there is the widely held believe that this will only raise the cost of electricity in the region, where their case and point example is Seabrook Nuclear Power Plant was always meant to lower rates, but instead only made it sky-rocket (I know it is a fallacy argument, but people don't care if you point that out). Regardless of the science that can refute most if not all of these concerns, people are either for it or dead against it no matter what. I would say that 80 percent or more are against this project actually happening.

  2. Finally! by twilightzero · · Score: 2

    There was talk of this back when I was in Boston in 2001, it's great news it's finally coming to fruition! My only concern is for the overall turbine design and aging repair costs associated with a salt water environment. Other than that I'm looking forward to seeing this go up!

    --

    "Christ what a design! I could eat a handful of iron filings and PUKE a better emergency pump than that!"
    1. Re:Finally! by QuantumRiff · · Score: 1

      But think of all the other problems this will cause with Views from yachts and Mansions.. err. Think of the poor birds! Think of the fish! For God's sake, think of the children!

      --

      What are we going to do tonight Brain?
    2. Re:Finally! by techno-vampire · · Score: 1
      "Christ what a design! I could eat a handful of iron filings and PUKE a better emergency pump than that!"

      Somehow, your .sig seems remarkably appropriate for this comment. I congratulate you! Besides, I'm always ready to appreciate a quote from First Lensman, a long-forgotten classic of space opera.

      --
      Good, inexpensive web hosting
    3. Re:Finally! by goodmanj · · Score: 2, Informative

      My only concern is for the overall turbine design and aging repair costs associated with a salt water environment.

      The Dutch and other European countries seem to have solved this problem (though I guess only time will tell, none of these farms is very old...)

      http://www.reuters.com/article/scienceNews/idUSL3192557920070903

    4. Re:Finally! by WuphonsReach · · Score: 1

      Define old? I know that back when I was in the Netherlands around '91, they had lots of wind farms along the shores of the Ijsselmeer. I know the Ijsselmeer is fresh-water, and I can't remember whether there were also wind turbines along the seaward end of the lake.

      I'm guessing that the new bit is putting them somewhat over-the-horizon offshore, rather then close to the shoreline where they're more visible.

      --
      Wolde you bothe eate your cake, and have your cake?
    5. Re:Finally! by twilightzero · · Score: 1

      I grew up heavily reading Doc Smith and Heinlein in my formative years. I still think Kimball Kinnison and Lazarus Long were the two greatest humans to never exist!

      --

      "Christ what a design! I could eat a handful of iron filings and PUKE a better emergency pump than that!"
    6. Re:Finally! by techno-vampire · · Score: 1

      The first Doc Smith I ever read was Skylark of Valeron. Somehow, I've never been able to view Blacky DuQuesne as a villain.

      --
      Good, inexpensive web hosting
    7. Re:Finally! by twilightzero · · Score: 1

      He never really was a villain IMHO. He's egotistical, extremely competitive, power hungry, and has an intense rivalry with Seaton & Crane, but he's certainly not a villain in the classic sense. I see him as more of an opposing force. He believes that he should be emperor of the universe and he takes the steps he feels necessary to get there. Seaton has very different opinions on the ruling and governing of the universe and therefore they form diametrically opposed forces. DuQuesne doesn't HATE Seaton, on the contrary they both express a great deal of admiration and respect for each other over the series. But Seaton represents the (pretty much only) block to DuQuesne realizing his ambitions therefore logically needs to be removed.

      Even in the first book, he starts out as shown to be capable of evil and violence, but also quite capable of mercy, teamwork, and building alliances when the situation calls for it.

      --

      "Christ what a design! I could eat a handful of iron filings and PUKE a better emergency pump than that!"
  3. The Loyal Opposition by Van+Cutter+Romney · · Score: 3, Informative

    If anyone wants to read what the Alliance To Save Nantucket Sound wants to say about this, it's here.

    --
    Help a man when he is in trouble and he will remember you when he is in trouble again.
    1. Re:The Loyal Opposition by LittleLebowskiUrbanA · · Score: 1

      Blocked at work. Does it go something like "Save our view from our private (not open to the public) beaches and keep our yachting lanes open?" Or maybe does it go like "Clean power now, just not in my backyard!"

  4. Economics in one Lesson by brian0918 · · Score: 5, Insightful

    Please, sweet jebus, read Economics in One Lesson by Henry Hazlitt. You cannot advance an economy by moving money and jobs from the private sector to the public sector. Every dollar that goes into this project through taxpayer money is a dollar not spent on food, clothing, haircuts, etc. All those local businesses will eventually see that reduced income and be forced to downsize. With government services, the most you can hope to do in the long term is break even. There is no competitive incentive to drive the service provider toward efficiency, and so public services tend to be the least efficient out there, as well as being the most prone to corruption.

    Any thing can be made to seem cheap if you subsidize it with tax money. People only look at that one thing, and not at all the other things that are negatively impacted.

    1. Re:Economics in one Lesson by bahwi · · Score: 1

      Hmm, but an unemployed person's lowered income tax(down to $0 from $0) gets spent and increases the economy? I don't see anywhere that says it's all government funded, it is run and operated by a 30-year old company though.

    2. Re:Economics in one Lesson by Punko · · Score: 2, Informative

      .... while completely ignoring the velocity of money. People employed by the govt. still buy things. Especially haircuts.

      --
      If only we could fall into a woman's arms without falling into her hands
    3. Re:Economics in one Lesson by Rycross · · Score: 4, Insightful

      How would the private sector fund, build, and run a wind farm? They'd pool capital from a group of people and pay that money out to local businesses to build the wind farm, then operate it with their own employees and charge for the electricity.

      How would the government do it? They'd collect taxes from citizens (in other words, pool capital from a group of people) and pay money out to local businesses to build the wind farm. It may be operated by their own employees, and they'd likely still charge for the electricity.

      The only thing that changed is that the group of investors changes from a small group of people taking a risk with their own money to a large group of people collectively (via proxy) to pool their money to get a service. Government is not some magical entity that springs forth from the nether, nor is it some evil bile-dripping monstrosity. Government is simply the people working together, either literally or by proxy, to accomplish some social goal not being satisfied elsewhere.

      The way the money flows through the economy doesn't change just because you call it government instead of corporation.
      All those private companies and their employees are still going to be payed, and they're still going to contribute to the local economy. The only difference is that the risk and reward is socialized, rather than owned privately. The people obviously demanded it, and since no private company stepped up to the plate, they decided to handle it themselves.

    4. Re:Economics in one Lesson by Anonymous Coward · · Score: 0

      Please, sweet jebus, read Economics in One Lesson by Henry Hazlitt. You cannot advance an economy by moving money and jobs from the private sector to the public sector. Every dollar that goes into this project through taxpayer money is a dollar not spent on food, clothing, haircuts, etc.

      CapeWind is a private company.

    5. Re:Economics in one Lesson by Scareduck · · Score: 3, Insightful

      And the people get one opportunity every election to toss out malingerers, incompetents, and hacks. Good luck if your pet issue isn't the one that happens to be hot that year. Businesses have to answer to the customer EVERY DAMN DAY. People who fail to notice this difference are arguing about strawmen.

      --

      Dog is my co-pilot.

    6. Re:Economics in one Lesson by Rei · · Score: 2, Insightful

      So, if I were in the private industry today and wanted to turn our patchwork of local electric grids into an actually coherent national system so it wouldn't be so gorram unreliable, unable to handle localized variable sources, and unable to tell less important consumption to shut off rather than take down the whole grid with it, how would I go about doing that? Who do I turn to in order to loan me the tens of billions of dollars needed to make it a success?

      --
      My hand to God. Baby geese. Goslings. They were juggled.
    7. Re:Economics in one Lesson by Rycross · · Score: 3, Insightful

      Companies will only answer to the customer if it becomes a hot issue too. Do you think Comcast gave a shit when my internet connection wasn't working? Given that they refused to fix it for a month, they sure didn't seem to. Any sufficiently large company is not going to care about their customers unless those customers collectively make them. In other words, unless it becomes a hot-issue and they are in danger of losing a lot of them. Like a politician. You're also ignoring the fact that even though election comes up only periodically, they have to keep their constituents happy pretty much over the entire term. Polls matter.

      Now, I'm not saying its exactly the same. Thats a strawman. What I was getting at is that the flow of money is similar enough that the argument of government being a black hole is silly. But to claim that companies are accountable and government is unaccountable is blatantly false. Companies are far less accountable than you think, and governments significantly more.

    8. Re:Economics in one Lesson by idontgno · · Score: 4, Insightful

      Businesses have to answer to the customer EVERY DAMN DAY.

      That's the most persistent illusion about business responsibilities in this sad sad world, and probably the primary source of dissonance between business theory and practice.

      Large businesses have to answer to the shareholder. Every quarter. And they have to pacify, mislead, or (if large and predatory enough) ignore the customer. Continually. While spending a relative (and relatively effective) pittance on PR and marketing, to cover the fact that the customer is the least important participant in the process.

      In this latter fact, they share uncomfortable resemblance to the "public sector."

      --
      Welcome to the Panopticon. Used to be a prison, now it's your home.
    9. Re:Economics in one Lesson by Anonymous Coward · · Score: 0, Interesting

      "Beware the man who has read one book"
      - Anonymous

      I think Stalin would disagree with you, Captain Capitalism. In fact, I think most thinking people would scoff at the idea that there is a single formula that applies to all situations, no matter what field you're talking about.

      Every dollar taxed for this project is being spent, obviously, so those tax dollars which were diverted from haircuts are being put into labour and equipment (which in turn requires labour). Those labourers aren't hippies, so they'll get their hair cut... need I go on?

      The only issue you can really bring up is the question of efficiency... and yes, government is notorious for lacking it. But at this scale - half a gigawatt - government is often the only player that can foot the bill. And when it's not government, it's often quasi-monopolies (eg private companies formed out of former public utilities), where the same questions exist.

      It's even fairly widely accepted that government is better for this sort of utility work - the nature of the business encourages monopolies (look up 'natural monopoly'), and the government doesn't have a profit motive. So the question, in the end, becomes one of choosing inefficiency over price gouging. And, given the long and successful (at least in terms of quality-of-service) of public utilities, I'll suggest that this project is just peachy.

    10. Re:Economics in one Lesson by Lord+Byron+II · · Score: 0

      Ah, the false dichotomy! The government has a magical ability when it comes to spending money and that ability is to borrow money with almost no limit. Instead of taking dollars out of the private sector, the government can borrow from other countries to finance the project and then back them back later when the project pays off.

    11. Re:Economics in one Lesson by brian0918 · · Score: 3, Insightful

      while completely ignoring the velocity of money. People employed by the govt. still buy things. Especially haircuts.

      I'm not sure how my federal tax dollars are getting routed to support my local barber shop. Did they solve P vs NP?

      Fundamental to my argument is that people have a right to that which they produce. Secondary to that is that people know how best to spend the money that they earn. Those that do not earn their money - e.g. politicians - do not know how best to spend it because they did not go through the trial and error necessary to learn from mistakes. They will invariably take the shortcut of funding whatever is most convenient to them - e.g. helping a friend out (cronyism), indiscriminately trying any suggestions, or simply holding out for pork projects that will buy them another term in office. The most convenient route, it turns out, often violates the most rights, and is the least efficient option.

    12. Re:Economics in one Lesson by JesseMcDonald · · Score: 3, Insightful

      I can't help but notice that you're completely overlooking the main difference, which is that the private sector can only pool money from those who choose voluntarily to participate, whereas the taxes which fund government projects are extracted from supporters and detractors alike. This is no trivial matter; refusing to address it undermines your entire case.

      If it were just a matter of "people working together ... to accomplish some social goal" a simple (private-sector) non-profit organization would suffice. The only reason to turn the project over to the government is to impose involuntary costs and/or regulations on those with a lesser degree of political influence, so that some can benefit at others' expense.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    13. Re:Economics in one Lesson by extrasolar · · Score: 1, Insightful

      Secondary to that is that people know how best to spend the money that they earn.

      A flawed premise if ever I've seen one. Find yourself a nation full of rational agents; there you can build your liberatopia.

    14. Re:Economics in one Lesson by lumpenprole · · Score: 1

      Fundamental to my argument is that people have a right to that which they produce.

      Well, you may want to check with whoever you work for. Most people don't.

      Secondary to that is that people know how best to spend the money that they earn

      Yeah, especially the people who run fortune 500 companies. They do great.

      --
      Disclaimer: MINAA (Mummy! I'm Not An Animal!)
    15. Re:Economics in one Lesson by FiniteElementalist · · Score: 1

      Sigh, the common libertarian approach to economics is akin to saying that the understanding the simple Newtonian mechanics of objects moving in a vacuum and without friction is all you need to adequately predict all physical phenomena. It is an unfounded assumption that government is automatically inefficient for the wide variety of potential ways to spend on economic activity, and in many cases government is more efficient for handing certain things and some important matters wouldn't be properly handled at all with the absence of government. In particular government is best there for resolving "Collective Action Problems", of which there are many, where the optimum economic behavior for an individual clashes with the optimum economic behavior for a group as a whole. A good example is crime, like say theft, where you would have most benefit from stealing from someone else society will fall apart if everyone, or even simply enough people, take from each other without any respect for the rules.

      The environment is a giant collective action problem which necessitates government, because while individuals may benefit more for polluting a bit more with small marginal effects, when you take that behavior across the whole population you wreck the environment and have disastrous effects on everyone such as through health problems or poor climate or weather.

    16. Re:Economics in one Lesson by Kenrod · · Score: 4, Insightful

      Most people exchange what they produce for money, which is almost universally exchangeable for something else of value without carrying the risk of a non-cash type of asset. The parent's point is that in a free market people exchange their work for something of value which is owned and controlled by them. People care more about that which they own than that which they do not own.

      And most Fortune 500 companies do just fine in good times and bad. If you are thinking of that the banks have been mis-managed lately, think again. The banks adapted high-risk, high-return strategies because there was an implicit guarantee that the Feds would bail them out. Guess what? The Feds bailed them out. The banks would likely not have engaged in such risky behavior without the meddling of the Federal government through institutions like Freddie Mac and Fannie Mae, and insipidly poor oversight by the SEC and Congress.

      --
      Good heavens Miss Sakamoto - you're beautiful!
    17. Re:Economics in one Lesson by drsquare · · Score: 3, Interesting

      I can't help but notice that you're completely overlooking the main difference, which is that the private sector can only pool money from those who choose voluntarily to participate, whereas the taxes which fund government projects are extracted from supporters and detractors alike. This is no trivial matter; refusing to address it undermines your entire case.

      That's exactly the benefit of government funding, that private investors only want investments that provide instant, guaranteed big profits, and aren't willing to invest in long-term projects.

      Another upside of government investment is that they can invest in things that benefit society as a whole, whereas private investors are only interested in investments that benefit themselves, personally. The tragedy of the commons sums up the failure of capitalism, and why socialism is so important. People working together for the benefit of all achieve more than people trying to better themselves even if it fucks over everyone.

      The only reason to turn the project over to the government is to impose involuntary costs and/or regulations on those with a lesser degree of political influence, so that some can benefit at others' expense.

      Everyone benefits from reduced carbon emissions.

    18. Re:Economics in one Lesson by brian0918 · · Score: 2, Insightful

      What you don't grasp is that whatever people spend their money on, so long as it doesn't violate the rights of others, is the best choice precisely because it was made my them, free from coercion. At best, such a transaction provides maximum benefit to both buyer and seller. At the very least, the transaction adds positive information to the market - it identifies an exchange rate where there wasn't one previously.

      In contrast, forced coercion can do maximum harm to buyer and seller, and add uncertainty to the market. For example, the powers of the Federal Reserve - ie, their ability to sway the entire market with the snap of a finger - add great uncertainty to the market. Fiat, paper currency, as another example, increases market uncertainty.

    19. Re:Economics in one Lesson by brian0918 · · Score: 1, Flamebait

      Sigh, the common libertarian approach to economics is akin to saying that the understanding the simple Newtonian mechanics of objects moving in a vacuum and without friction is all you need to adequately predict all physical phenomena.

      In fact, you're completely wrong. You're stuck in the central planning frame of reference. You need a Copernican to come along and kick you out of your fixed mindset, and realize that people are all independent bodies with their own orbits (goals). They do not all have a common goal as decreed on High. People have the right to their lives, liberty, property, and the pursuit of their values. Your idiotic notion that "if only I could just be in charge of the world, surely it would work better!" assumes 1) that you have all information (omniscience), and 2) that you can fool everyone all the time (omnipotence). It is remarkable how similar the believers' appeals to God are to the Keynesians' appeals to the Government.

    20. Re:Economics in one Lesson by McBeer · · Score: 1

      Please, sweet jebus, read Economics in One Lesson by Henry Hazlitt.

      Yes. Lets read another book promoting a fringe school of economics that, after being around for over 100 years, is still without any sort of rigorous mathematical basis nor even supported by any imperical testing. Ron Paul believes in it, so it must be the glorious truth.

      --
      Hikery.net - The best hiking site ever. Made by yours truly.
    21. Re:Economics in one Lesson by brian0918 · · Score: 2, Insightful

      Argument from incredulity. Your argument is quite similar to those used by creationists to argue that certain biological mechanisms could not possibly have arisen via evolution, and therefore evolution is wrong. Your faulty presumption is that wind farms should exist because you want them to exist. If you want them to exist, you should fund their creation, or persuade your friends, family, neighbors, etc, to fund their creation. What you should not do is force everyone to fund what you think is right. Whether or not wind farms should exist is up to people to freely decide.

    22. Re:Economics in one Lesson by meepzorb · · Score: 1
      Fundamental to my argument is that people have a right to that which they produce.

      Don't like to share? Move to a desert island: No one will tax you there. Problem solved.

      We'll check back in on you in 10 years to see just how much you've "produced" all by your lonesome without any public infrastructure.

    23. Re:Economics in one Lesson by Retric · · Score: 1

      Nobody is free of coercion. Why do you think we spend so much fucking money on advertising?

    24. Re:Economics in one Lesson by XDirtypunkX · · Score: 1

      Two words: Imperfect information.

    25. Re:Economics in one Lesson by XDirtypunkX · · Score: 1

      You must've missed the last 30 years or so in economics (you seem to have spent it confusing economics with ideology). People can't make the best choice, because they don't have access to perfect information about what they're buying. In fact, the people selling deliberately distort the information available to make their products seem better.

      Say you bought a 500GB Seagate drive recently... that wouldn't have been the best choice.

    26. Re:Economics in one Lesson by brian0918 · · Score: 1

      In your world, words fly around free of meaning and context. Back in reality, words have specific meanings and context.

    27. Re:Economics in one Lesson by brian0918 · · Score: 1

      Please re-read my post and try to drop your central-planner mindset. Perfect information is not necessary for the best possible choices. Only complete freedom is necessary.

    28. Re:Economics in one Lesson by 99BottlesOfBeerInMyF · · Score: 1

      Fundamental to my argument is that people have a right to that which they produce.

      There's a problem with that theory. Most wealth in this country is not generated by people producing but by people leveraging money they inherited. For every dollar I earn by being innovative and earning shares in startup companies, investors who have done nothing but be born with lots of cash earn two dollars. It is the very well known and well documented "wealth condensation" principal, but in the end it boils down to "it takes money to make money". In an unregulated capitalist economy wealth consolidates into fewer and fewer hands until a small number of people control huge amounts of wealth and the masses have little or no real wealth. Usually the economy then collapses and the wealth is forcibly redistributed either by a revolution or a legal redistribution (ala the new deal).

      Most countries strive for a more stable economic model where socialism takes enough money from those on top to compensate or nearly compensate for wealth condensation so the money stays distributed. Just like with the great depression, we've allowed that to slip in the US with the wealthy changing the tax laws such that they pay less than equal shares instead of the much larger than equal shares needed to stabilize the economy. Those on the bottom ran out of wealth (the bottom 50% of our country has a net worth of basically zero) and then to try to prop things up the government borrowed from foreign countries on behalf of the people (most of whom have no wealth remember) and the banks loaned the people money despite there being no realistic chance of it being paid back. Eventually, it started to fall down and we're seeing a cascading collapse unless we can stop it.

      There is no mystery as to what went wrong here. People were conned into believing that the rich have a entitlement and a right to their inheritance and at the same time have no greater responsibility to society than those with no money and power. The rich used their power to make themselves richer and everyone else poorer and it is now coming to a head. What is needed is increased socialism that takes a lot of money from the very wealthy and uses it to hire out of work Americans to improve our country, our infrastructure, and our investments in research and education. We need people to feel secure in their health and their ability to live without having to sleep on the streets. Historically this is the number one thing that we can do to reduce violent crime and improve quality of living as well as revitalize the economy. Our future depends upon the wealthy and powerful realizing that eventually someone will shoot them in the head and take their wallet and that's just economics.

    29. Re:Economics in one Lesson by XDirtypunkX · · Score: 1

      I read your post several times over. What you made is an assertion based on an ideology. Let's call that an axiom. In fact, you have now asserted that accept your argument, I have to take on a different "mindset" (i.e. I also have to accept your axiom). Of course, that should be counter to your ideology - after all, following your argument, shouldn't the mindset I choose for me be the best possible choice?

      But I disagree with your axiom, that is, your ideology is not one I adhere to. Now, if you've got a sound economic principle to base this argument on instead, I may consider changing my mindset.

      Economic transactions usually involve more than one participant (typically 2 participants in a simple system). They are a collective action, not an individual action - a mutual agreement must be reached. This isn't an aspect of central planning, central planning as a mindset doesn't have to come into it.

      A good example is someone trading Yak butter for hunting implements. Let's say that the yak butter is very close to expiring, but the trader lies and says that it isn't (i.e. introduces imperfect information into the transaction), although previously this trader has been honest in his dealing.

      The trader still gets his hunting implements, the other participant gets his yak butter, which goes off before he can get it home. The trader who received the yak butter had no way to verify the product, even though he had inspected it thoroughly. If he'd gone to the next trader who had offered less yak butter that wouldn't have gone off, he would've ended up with usable yak butter.

      As you can see, imperfect information got the better of our trader and there was no central planning involved. There was no way he could have known to avoid the bad transaction, because there was no way he could have got the information (short of a lie detector) that it was a bad transaction.

    30. Re:Economics in one Lesson by extrasolar · · Score: 1

      What you don't grasp is that whatever people spend their money on, so long as it doesn't violate the rights of others, is the best choice precisely because it was made my them, free from coercion.

      Therefore, according to your argument, any choice made free from coercion is the best choice. Let me say that again: your proposition is that any choice made free from coercion is the best choice.

      So, no matter how much thought was put into that choice, or how much experience the choice was based on, or how much knowledge the choice was based on, or what state of consciousness the choice was made in, it is, according to you, the best choice, only because it was free from coercion.

      If your own proposition is starting to sound strange to you, I congratulate you and welcome you back to reality. If it doesn't, I wish you luck in finding your liberatopia.

    31. Re:Economics in one Lesson by FiniteElementalist · · Score: 1

      Huh? That's a whole lot of nonsense right there. I'm not a communist nor to I ascribe to a notion that the economy should be fully centrally planned, and I'm perplexed as to how you would get that from what I wrote. It's just for some things the government is more efficient at handling them than the private sector, or the private sector simply wouldn't be able to handle them at all or operate in anything approaching the ideal free market case without government protections. A college level economics course should teach you about externalities, which are by definition side effects in the markets where individuals will not bear all the costs or benefits of their economic decisions, affecting others. You'd have to be seriously misinformed or delusional to think that externalities are a nonissue, and that a market would be able to handle them in isolation from some manner of coercion in the form of a government. Especially given that the subject of air pollution and reducing it through wind power generation is one such externality

      To me the anarchistic libertarianism is just about as daft as other brands of anarchism, which is rather daft. It is an ideology that does not stand the test of reality.

    32. Re:Economics in one Lesson by Rycross · · Score: 1

      No, that's a strawman. I never said that private companies couldn't build a wind farm, and I never said that I couldn't imagine that they would. What I said is that a company isn't stepping up and building a wind farm.

      And yes, I could convince friends, family, and neighbors to build a wind farm... except none of us have the capital to do so. So what can we do? Well, we can get together with everyone and agree that we pool our money for some projects that benefit us all. Maybe we disagree on what. OK, so lets compromise and put it to a vote. Well hey, that's government!

      Our founding fathers were against taxation without representation, not taxation altogether. The entire reason that they made the constitution was because the government established by the Articles of Confederation was too weak and underfunded. A libertarian's wet dream, sure, but apparently it didn't work so well.

      To portray it as forcing is an appeal to emotion. You have a vote, and you have a voice in how your tax money is used. No, it doesn't get used completely on things that benefit you. That's compromise. You can move to another state or another country if you disagree - you have that freedom. You can also voice your opinion and try to change my mind - that's politics.

      But go ahead and try to make people feel bad for not wanting to have a race to the bottom in selfish greed. I'm sure that strategy is really working out for you.

    33. Re:Economics in one Lesson by OakDragon · · Score: 1

      People can't make the best choice, because they don't have access to perfect information about what they're buying.

      If not people, who makes the choices? I hope whatever they are, they have this perfect information you speak of.

    34. Re:Economics in one Lesson by TooMuchToDo · · Score: 1

      Who do I turn to in order to loan me the tens of billions of dollars needed to make it a success?

      The Department of Energy will give you a long-term low-interest loan to do that I believe. They're giving Tesla Motors just that very kind of loan in the next 2-6 months.

    35. Re:Economics in one Lesson by Rei · · Score: 1

      I'm sure Tesla Motors would be surprised to learn that they have many tens of billions of dollars coming to them to rebuild the grid. And why are you bringing up federal loans earmarked to make up for shortfalls in the private industry when it comes to the advancement of technology to defend private industry anyways?

      --
      My hand to God. Baby geese. Goslings. They were juggled.
    36. Re:Economics in one Lesson by TooMuchToDo · · Score: 1

      I'm sure Tesla Motors would be surprised to learn that they have many tens of billions of dollars coming to them to rebuild the grid. And why are you bringing up federal loans earmarked to make up for shortfalls in the private industry when it comes to the advancement of technology to defend private industry anyways?

      I'm simply saying that the Department of Energy is more than interested in not only vehicle electrification, but also intelligent electrical infrastructure and a diversified renewable energy portfolio. So, if they're going to folk out $400M to Tesla, I'm sure they can scrap together a grant or loan for an individual or small business to work on technology/protocols/etc. for building intelligence into the national electrical transmission/distribution system.

    37. Re:Economics in one Lesson by XDirtypunkX · · Score: 1

      Just because people can't make the best choice for themselves, doesn't mean anyone else can. But obviously, the more information and education (to understand the information) that is available, the better choices people can make.

    38. Re:Economics in one Lesson by Candid88 · · Score: 1

      "You cannot advance an economy by moving money and jobs from the private sector to the public sector."

      That's utter rubbish. Publicly funded capital projects often bring about massive improvements to economies. Las Vegas's economy has certainly improved since the building of the Hoover Dam, to name but a single example.

      Having read many Economics books I know that there are countless contradictory economic eheories out there, some encourage the use of public financing, some encourage the use of private financing; neither belief has been objectively proven as superior.

      What you say here and in other posts is your opinion, not some sort of economic fact (as there is no such thing)!

    39. Re:Economics in one Lesson by Candid88 · · Score: 1

      "Businesses have to answer to the customer EVERY DAMN DAY"

      They do? The 12-month contract documents most people have with their utility & service providers say otherwise. Regardless of technicalities of election and payment cycles, the implication you're making that commercial organizations are somehow the most accountable to the public is flawed. Many commercial service/utility providers are deeply resented by their customers, but at the end of the day, the customers want electric/gas/internet.

      The fundamental issue is that if, as you say (and I don't dispute) people in general are rubbish at choosing elected officials, why would they be any better at choosing the businesses they give their money to?

      Especially when hundreds of billions is spent by companies to entice people to purchase their particular product; this certainly isn't done out of companiesâ(TM) desire to see an efficiently operating society!

      The argument isn't nearly as simple as you make it out to be.

    40. Re:Economics in one Lesson by jcupitt65 · · Score: 1

      What you should not do is force everyone to fund what you think is right.

      We live in a democratic society. Politician's actions are our commonly-expressed will. Don't like it? Vote 'em out!

    41. Re:Economics in one Lesson by FTWinston · · Score: 1

      With great power comes great responsibility... economic or otherwise

    42. Re:Economics in one Lesson by Retric · · Score: 1

      Words have meanings, unfortunately for you they also mean things which you did not intend. Plenty of people don't pay their taxes and nothing happens to them so while Coercion is accurate you need to use the full meaning of the word. Because, there is nobody actively pointing a gun at you.

      "Coercion (/ko().()n/) is the practice of compelling a person or manipulating them to behave in an involuntary way (whether through action or inaction) by use of threats, intimidation, trickery, or some other form of pressure or force." "The term is associated with circumstances which involve the unethical use of threats or harm to achieve some objective, but maybe equally often applies to other means of influence such as sweet talking, begging, charming, lying, and seduction." http://en.wikipedia.org/wiki/Coercion

      Usage > http://www.answers.com/coercion

      Some people speak of cultural coercion when the fear of falling out with the group may force people into wearing a certain style of dress, publicly reciting a creed or a pledge of allegiance which they find ethically reprehensible or starting to smoke when they would have preferred not to etc. Within the definitional framework adopted here, all such things amount to (psychological) coercion if and only if the fear of falling out with the group is the result of purposeful threats by someone. See Peer pressure, Sociology of religion, Pledge of Allegiance.

      Some people include deception in their definition of (psychological) coercion. Yet deception does not generally involve any threat at all, as it works by creating a mere false perception by the victim of his or her given transformation rules.

    43. Re:Economics in one Lesson by Ginger+Unicorn · · Score: 1

      This money isn't being pissed up the wall - it's an investment for the local community. Once the project is complete, everyone's electricity bills will be funnelled back into the local government rather than the pockets of whoever supplies the fuel for the current power supply. The current (no pun intended) supplier might even be outside the US so it's doubly beneficial to invest this money locally. If the local government has a revenue stream from this power station, then they can either cut local taxes, or spend more locally, so the tax payer eventually get a return on money well invested.

      --
      (1.21 gigawatts) / (88 miles per hour) = 30 757 874 newtons
    44. Re:Economics in one Lesson by Anonymous Coward · · Score: 0

      It's just for some things the government is more efficient at handling them than the private sector

      Examples please? The only things I can come up with is national defense and railroads (Alaska RR, Conrail)... for everything else the govt spends more $$'s than the private sector for often inferior results.

    45. Re:Economics in one Lesson by Paranatural · · Score: 1

      Bullshit. They adapted those strategies because they knew that the only thing that anyone in the US cares about it short-term results. If they can increase profits, no matter what the true cost, then the heads of these businesses give themselves ridiculous multimillion dollar bonuses and salaries. Oh, and they make sure to write in those golden parachute clauses.

      If that happens to run these companies into the ground, who gives a shit? They still get their golden parachutes, and they keep the money they bonused to themselves. They have no fear of any repercussions. The company they ran into the ground? Frankly, why should they give a shit?

      It's sad that you are so incredibly naive that you believe the heads of these institutions actually give a rats ass what happens to them in the long run. They don't have to really give a rat's ass whether the feds bail them out; the only reason they'd want them to is so their stock option and salaries continue. If that particular gravy train is cut off it's not like these CEOs really have to give a damn.

      And that's the real problem.

    46. Re:Economics in one Lesson by imajication · · Score: 1

      For god sakes, you can't do economics in one lesson. Can you do Physics in one lesson? I'm not an economist, but I've read enough to know there is considerable controversy within the field. Just because one person made an argument one way, and that person may or may not be an articulate and eminent economist, does not mean there are not other opinions on the matter.

      Without getting into a full discussion of the merits of Post-Keynsian (which favors intervention) vs. Chicago-style economics, let me just say that the advocates of free markets seem to base their arguments on "This makes sense so it must be true"! type statements instead of empirical evidence backing up their theories, which is what science is supposed to be. Also, they believe in the pure morality of keeping everything you make, ignoring that people make money based on luck, privilege, and immoral business dealings in addition to honest hard work and talent. This also ignores the plight of hard working people who happen to be hit in a bad sector of the economy.

    47. Re:Economics in one Lesson by Anonymous Coward · · Score: 0

      Everyone benefits from reduced carbon emissions.

      I propose then, that we start taxing human existence altogether. It will be a grand endeavor involving the entire human race, for the benefit of "everyone"! Taxing exercise is a prime place to start. Just think of all the CO2 that is emitted in this way, all for the vanity of individuals to look good and live longer! It is destroying our Earth! I am certain that this will only be the beginning of our glorious green revolution to eradicate mankind...

    48. Re:Economics in one Lesson by JesseMcDonald · · Score: 1

      That's exactly the benefit of government funding, that private investors only want investments that provide instant, guaranteed big profits, and aren't willing to invest in long-term projects.

      If short-term projects consistently provide faster returns than long-term ones, then such projects should receive more investment -- they'll provide better returns over the long term as well. Anything else just wastes valuable resources by allocating them toward providing goods which won't fulfill as much demand, at the expense of more-demanded ones.

      If your aim is to fulfill some political goal, regardless of the cost, then governments are indeed an ideal way to do that. If you wish instead to benefit society as a whole, government is inherently counter-productive. Private investors may be interested mainly in their own benefit, but the only way they can turn a profit is by persuading others to buy their goods and services. That will only happen if those others value the goods and services more than the money they're giving up in exchange. In the private sector, profit is evidence of benefit provided to society as a whole.

      The tragedy of the commons sums up the failure of capitalism, and why socialism is so important.

      Seriously? The tragedy of the commons is an example of what happens when you have socialism. The solution to the tragedy of the commons is strict property rights -- i.e., capitalism.

      Everyone benefits from reduced carbon emissions.

      If that were true everyone would be in favor of reducing emissions, and the regulations would be unnecessary. You are once again ignoring the costs of achieving your goals, costs you choose to impose on others. (You can also blame the courts for refusing to treat pollution as the property-rights violation that it is. That's how it was classified, until some judge decided to ignore property rights for the benefit of "society as a whole".)

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
    49. Re:Economics in one Lesson by Paranatural · · Score: 1

      So incredibly wrong I don't even know where to start.

      All employees of Businesses answer to the Bosses. Wether is be a single Boss, a CEO, a board of Directors, whatever. And if this business is a corporation then they answer to shareholders. Supposedly. Except these days almost all shareholders are basically people with 401k plans and the like, who do not have a clear ownership of a specific number of stocks from a specific company. So over here in reality, they don't even have to answer to shareholders. So who do they answer to? At best, each other. And since the only thing they have any incentive to care about is short-term profits, that's all they concern themselves with.

      So that leaves the customers. And in so very many companies these days, the customers don't have choices (Thanks to deregulation). For instance, if I want electricity in my area, I have exactly one company I can go to. If I don't like them, well, too freaking bad. There is absolutely nothing I can do about it, other than live off the grid.

      So in reality, no. Many businesses don't have to answer to anyone, period. (Concerning the quality of their services)

    50. Re:Economics in one Lesson by brian0918 · · Score: 1

      You cannot vote away individual rights. You can vote to violate them, and that is one of the dangers of a democracy, as in any other form of society. The great thing about democracy is representation. That doesn't mean the end results of a democracy are always justified, however, which is what I believe you were trying to imply.

    51. Re:Economics in one Lesson by ChrisMaple · · Score: 1

      Another upside of government investment is that they can invest in things that benefit society as a whole, whereas private investors are only interested in investments that benefit themselves, personally. The tragedy of the commons sums up the failure of capitalism, and why socialism is so important. People working together for the benefit of all achieve more than people trying to better themselves even if it fucks over everyone.

      Your claim opposes human nature both in theory and in practice. People working for anything but themselves have diluted incentive . They have very little interest to work hard, or to work at all. Whatever they do or don't do, they get to participate in the results, whatever they may be. People working for themselves get all the results of their efforts, so if they do nothing, they get nothing. Leftists generally ignore INCENTIVE, and it is extremely important in human action. Rational people do everything to further their own interests, and as a byproduct benefit others.

      Government projects lack the incentive to actually benefit anyone but politicians, and what they want is to get power over others rather than actually help others.

      --
      Contribute to civilization: ari.aynrand.org/donate
    52. Re:Economics in one Lesson by brian0918 · · Score: 1

      shouldn't the mindset I choose for me be the best possible choice?

      Again with the context-dropping! This is getting tedious. What's best for the market is freedom. What's best for you is to make rational decisions about your values and how to advance those values.

      Economic transactions usually involve more than one participant (typically 2 participants in a simple system). They are a collective action, not an individual action - a mutual agreement must be reached. This isn't an aspect of central planning, central planning as a mindset doesn't have to come into it.

      Of course, but your conclusion from your last post was one of a central-planning mindset, ie, "I know what the best trade should be between those two people, and I will demand that they accept that trade." This is implicit in any economic system that tries to "work", ie, that tries to accomplish some collective goal for the market as a whole. Anytime someone says, "the free market doesn't work!", they are presuming such a collective goal - a goal that is not the goal of either individual in your example trade.

      Let's say that the yak butter is very close to expiring, but the trader lies and says that it isn't

      Lying is fraud. They can be taken to court for that, and the buyer can try to get his money back. Meanwhile, the seller can be punished for the fraud. What's your point?

    53. Re:Economics in one Lesson by brian0918 · · Score: 1

      See definition 2 here. Regarding the "gun to my head". While there is certainly no gun to it now, that doesn't make the coercion no less real. Simple inaction on my part, without violating any individual rights, can quickly bring that gun to my head. This is the clearest explanation of the coercion I referred to.

    54. Re:Economics in one Lesson by Cytotoxic · · Score: 1

      Actually, what I think he means is that by definition any choice made by you is the best choice for you. Even if every other person on the planet thinks you are a flippin' idiot. If you choose to spend your last $100 on Arbor Mist, Dove bars and a copy of "You've Got Mail", well then that was the best choice for you because nobody is better positioned to decide for you.

      Or to use my favorite example, if you want to drop out of school at Harvard to camp out in a hotel room with some buddies and write some code to try to start up a development house, more power to you. Just because I think that would be a stupid move, and would advise you to stay in school doesn't mean I'm right. You just might become the wealthiest man in the world because of your stupid choices.

    55. Re:Economics in one Lesson by extrasolar · · Score: 1

      That's fine, but even if we're just thinking about my own personal values, there are any number of times when I make purchases that I regret or weren't as wise as I'd like. Most of the time I choose based on my short-term indulgances at the expense of my long-term well-being. The whole point of this is just to show how when you really take the principled approach that libertarians do, cracks begin to form in the ideology. Human beings just don't work that way, and all libertarians are left with is this notion on how how human being ought to behave in the economy, as pursuing enlightened self-interest. But libertarians don't grasp how destructive it is to set up a form of society based on how people ought to behave.

      And if you're still not convinced, consider this: If everyone behaved the way libertarians think they ought to behave, there would be no use for libertarianism to begin with.

    56. Re:Economics in one Lesson by XDirtypunkX · · Score: 1

      Context dropping? I linked your use of ideology as to what you chose as best for the market. I was also directly answering to your assertion that I needed to choose a mindset.

      You have failed to argue for your assertion through empirical evidence or through reason, you have simply started with the axiom that what is best for the market is freedom and that the rational decisions you make for yourself will be the best.

      Correct rational decisions can not be made without correct starting information. Ironically, this is something that is shown by you adopting that axiom in the first place.

      Also, don't put words into my mouth - I never claimed to know which was the best trade for two people, all I was saying is that without the best information available, they can't know either. My point is that it is impossible to make the best decisions without having all the information available to you to make those decisions.

      In fact, you are the one presuming, because I never stated anything that would benefit the "collective" except by benefiting individuals. But again, this is still an ideological assertion on your part, you have not put forward any empirical, factual or logical evidence that the individual coming ahead of the collective is the best outcome. You have simply asserted it and appealed to sentiment.

      Yes, lying is fraud; but court and laws are aspects of "central planning". How would you prove it in a court when there is no documentation, no standardized information and no standard of proof? Again, "fraud" is simply an aspect of the same point; you have to have the information to make a rational and informed decision.

      Without laws and regulations, then there is no requirement to divulge information, act transparently or even act honestly. There is a balance required between market freedom and regulations required to remove moral hazard.

    57. Re:Economics in one Lesson by brian0918 · · Score: 1

      But again, this is still an ideological assertion on your part, you have not put forward any empirical, factual or logical evidence that the individual coming ahead of the collective is the best outcome.

      The "best outcome" for achieving what goal? Until I know what you mean by "best", I can't answer your question to your satisfaction.

      Yes, lying is fraud; but court and laws are aspects of "central planning".

      Indeed, you are quite good at context-dropping. It is one thing to talk about central-planning toward the purpose of upholding and protecting individual rights. It is another thing to talk about a centrally-planned economy, which is the topic at hand.

      How would you prove it in a court when there is no documentation, no standardized information and no standard of proof?

      If you do not have that information, then obviously you have no evidence. By not demanding some documentation of the transaction (ie, receipt) and expiration date, you were not looking out for your own interests when you entered into that transaction. What is your point?

    58. Re:Economics in one Lesson by Scareduck · · Score: 1

      Do you think Comcast gave a shit when my internet connection wasn't working?

      Funny you mention that, because Comcast was almost certainly granted a state monopoly on cable service in your area. The decision to use or not use Comcast was never yours to make; it's ultimately up to the municipality you live in, and the cable companies have done a pretty good job of making themselves immovable once in place.

      --

      Dog is my co-pilot.

  5. Misnomer? by CannonballHead · · Score: 2, Interesting

    Is it just me or is "wind farm" a misnomer? I always thought of "farm" as production. "Wind farm" makes it sound like they're producing wind. Which is obviously hogwash. Producing electricity, sure, but they didn't call it an "electricity farm."

    1. Re:Misnomer? by space_jake · · Score: 2, Funny

      Wind mooch?

    2. Re:Misnomer? by Anonymous Coward · · Score: 0

      Because they're "harvesting" the wind.

  6. Energy Companies by Van+Cutter+Romney · · Score: 1

    I know that N*Star already provides an option in Mass. of getting your energy from wind turbines for a smaller fee. I just hope other companies follow suit.

    --
    Help a man when he is in trouble and he will remember you when he is in trouble again.
  7. Usually all it takes . . . by Anonymous Coward · · Score: 0

    Sadly, when NIMBY is involved (as it was in this case), usually all it takes is a well-placed funeral (or the equivalent) to move the decision to finality.

  8. In related news... by ruin20 · · Score: 3, Informative
    seagull populations decrease as biologists note heavy shark populations near turbines.

    think I'm joking right?

    there's already a lawsuit

    1300 raptors are killed annually. Among them are 70 golden eagles that are federally protected. In total, 4700 birds are killed annually.

    although I'm sure these are a little better planned out then they're predecessors I still haven't heard anyone talk about this in a long while.

    --
    Oh honey look... How cute... an angry slashdotter!
    1. Re:In related news... by Anonymous Coward · · Score: 1, Informative

      More birds are killed by #1 Buildings/bridges/antennas/etc,#2 Cats, #3 Cars, #4 Planes (flight 1549?) than by Wind Turbines, by more than an order of magnitude. Wind turbines represent less than 1% of human caused bird/bat kills. http://www.awea.org/faq/wwt_environment.html#Bird%20and%20bat%20kills%20and%20other%20effects.
      Also,the golden eagles should be ok with this one since they don't hang out miles from shore.

    2. Re:In related news... by Crazy+Man+on+Fire · · Score: 5, Informative

      What you forgot to mention is the wind farm you're talking about was built over 30 years ago and uses outdated technology. The multitude of smaller turbines turn faster and are much more dangerous to birds than today's larger, more efficient, and slower turning turbines. In fact, the older turbines are being slowly replaced with newer ones to produce more electricity for less money while also killing fewer birds.

      From the Wikipedia article you linked:

      Considered largely obsolete, these numerous small turbines are being gradually replaced with much larger and more cost-effective units. The small turbines are dangerous to various raptors that hunt California Ground Squirrels in the area. 1300 raptors are killed annually. Among them are 70 golden eagles that are federally protected. In total, 4700 birds are killed annually.[2] The larger units turn more slowly and, being elevated higher, are less hazardous to the local wildlife.

    3. Re:In related news... by Anonymous Coward · · Score: 2, Informative

      You wrote "although I'm sure these are a little better planned out then they're predecessors I still haven't heard anyone talk about this in a long while"

          The reason you haven't heard about it is that it truly isn't a real problem anymore. Generally, when you read about wind turbines and bird kills, you are reading about the Altamont pass. Indeed, most of your own links are references to Altamont. Altamont has about 5000 turbines of about .1 megawatt each. The smaller the turbine, the faster it spins, so these spin pretty quickly.

          In contrast, modern turbines are _MUCH_ larger. The CapeWind project will be using 3.25 megawatt turbines. Yep, thats 32 times larger than the altamont turbines. So, there will be 32 times fewer blades to hit birds. Those blades will be much larger, so the birds will have an easy time seeing them. The blades will also be moving much slower, so the birds will have a much easier time avoiding them.

          I would expect the bird kill of the Cape Wind project to be hundreds of times less than Altamont. Indeed, one pet cat (just the one) might kill more birds in some years than the entire Cape Wind will kill.

    4. Re:In related news... by pixelpusher220 · · Score: 3, Insightful

      I think comparing the number of kills by bridges/buildings/antennas to the number of kills by Wind Turbines is a bit unfair bridges/buildings/antennas outnumber turbines by well over an order of magnitude... The bridges/etc. are stationary objects, where as the turbine blades can move quite fast especially at the tips. Another reason comparing kills might problematic.

      The concept gets interesting when you consider we're going to have to build many many many more turbines to make a sizeable dent in our energy demand.

      I'm all in favor of the turbines, but some concerns can be valid if properly voiced too.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    5. Re:In related news... by Facetious · · Score: 1

      "seagull populations decrease..."

      I was indifferent to wind generation before, but now I'm all for it. Are you aware of anything that could kill crows?

      --
      Let us not become the evil that we deplore.
    6. Re:In related news... by Anonymous Coward · · Score: 0

      Only 4700 annually? That's nothing.

    7. Re:In related news... by flaming+error · · Score: 2, Informative

      The Audubon Society likes windfarms in general and this one in particular.

      But thanks for playing.

    8. Re:In related news... by Anonymous Coward · · Score: 0

      "seagull populations decrease as biologists note heavy shark populations near turbines.

      think I'm joking right? [treehugger.com] "

      Seagull populations overall are fairly safe sharks are in a severe decline, win win.

    9. Re:In related news... by Mashiki · · Score: 1

      I dunno but if they could kill crows, I'd be in support of it as well. There's so many here that several of the 200+yr old maple trees were black from the lowest to the highest branches, and they're becoming a nuisance everywhere.

      I keep wishing they'd bring back the bounty.

      --
      Om, nomnomnom...
    10. Re:In related news... by peas_n_carrots · · Score: 1

      "seagull populations decrease..." Let's consider the alternative of not building wind farms. Global climate change left unchecked would result in massive population declines far greater than a minority of seagulls & sharks killed. Everything's a tradeoff, and windfarms are well worthwhile.

      And yes, the term "wind farms" make sense, they're harvesting the wind. Just as cow farms "grow & harvest" cows.

    11. Re:In related news... by LittleLebowskiUrbanA · · Score: 1

      Face the facts and decide if you'd prefer a few dead birds or oil spills. They've already happened in that area - the fuel for the electricity plants is shipped in via freighter. There has been a very recent, catastrophic for the environment;oi spill from one of said freighters.

          Animals die. Deal with it or kill yourself.

    12. Re:In related news... by dwye · · Score: 1

      > seagull populations decrease

      Promise? Another reason to promote wind farms. Seagull populations are unnaturally high in the area, due to commercial fishing. And they are as annoying as pigeons.

      > 1300 raptors are killed annually

      How many die from the effects of coal-fired plant exhausts?

    13. Re:In related news... by Anonymous Coward · · Score: 0

      But when they want to take a land mass the size of Texas and put up a wind farm, well, there's going to be quite a few birds killed. That's what I figure is going to be necessary to power America, you also have to clear all the trees in a land mass slightly larger than the size of Texas.

  9. Rich democrats and their mansions... by gandhi_2 · · Score: 2, Interesting

    Full disclosure: I am a libertarian with pro-environmental views and a penchant for cool tech like wind power.

    On one hand, the rich Kenedy's of the world don't want their beautiful ocean views ruined by wind mills. Bunch of arrogant, rich, hypocrites that I feel pretty much sums up the Democrats.

    On the other hand, how pissed would I be if someone installed that shit in my local national/state parks?

    We have to ruin all natural areas? Nothing is sacred? We whine when Bush's DOI let exploratory gas drilling in some beautiful areas....I whined too. But does wind get a free pass?

    Here's a case where I actually agree with both sides. We need clean energy, and we need pristine natural areas. Build these mufuckin wind farms in farmland.

    1. Re:Rich democrats and their mansions... by mypalmike · · Score: 1

      Here's a case where I actually agree with both sides. We need clean energy, and we need pristine natural areas. Build these mufuckin wind farms in farmland.

      It's most efficient to build wind farms where there is wind. Offshore areas tend to be ideal. I personally think offshore wind farms are aesthetically no worse than offshore oil rigs.

      --
      There are 0x40000000 types of people: those who understand 32-bit IEEE 754 floating point, and those who don't.
    2. Re:Rich democrats and their mansions... by pixelpusher220 · · Score: 1

      in thinking about 'natural areas', consider the wind farms will be 'creating' new natural areas in the form of the pilings in the water. Ocean life is always attracted to them, barnacles and reef type micro organisms, smaller fish to feed on the micro's and for protection, larger fish for dining on the smaller fish, etc..

      I'd say it's fair to say that windmills have a significantly smaller environmental impact than oil production facilities. Once they are up, they don't do anything except sit there and spin...oil rigs continue to produce waste and always have the possibility of an oil spill. the windmill's worse case is it falls over.

      --
      People in cars cause accidents....accidents in cars cause people :-D
    3. Re:Rich democrats and their mansions... by gandhi_2 · · Score: 1

      Once they are up, they don't do anything except sit there and...

      ...chop up birds.

    4. Re:Rich democrats and their mansions... by SIR_Taco · · Score: 1

      Paraphrased as:
      Burning oil is bad, man!
      We need alternatives, man!
      Wind energy is the way to go, man... whatever you do though, don't put it in my back yard!

      Fuck that hypocritical hippy bullshit! Either you support these turbines or you don't. There is no 'yeah they're great, they should be everywhere, but....'
       

      --
      I say don't drink and drive, you might spill your drink. Before you get behind the wheel just stop and think.
    5. Re:Rich democrats and their mansions... by Beltonius · · Score: 1

      I don't really get why everyone finds these wind farms so objectionable aesthetically. They're not built on the beach, but 4-11 miles offshore. I personally think they look nice and even have some kind of "Zen" quality to them (there are a bunch of turbines being put up in Central PA that I drive past semi-regularly on the turnpike).

      If they were painted bright colors or had all kind of flashing lights on them, I could see a better argument against them from a "ruining the view" perspective.

      Most of the time I've been to the Cape it's been overcast and very gray overall...the white painted turbines wouldn't even stand out from the ocean and sky too much.

      People like to protest everything. I've been to town meetings where people have simultaneously complained about the "radiation" from cell phone towers as a reason to block their construction in town and then complaining about how cell reception sucks everywhere in the town.

      If the lawsuits against the wind farm won, the same people would turn around and protest the nuclear or fossil fueled plan built to produce the 170 MW that the windfarm will produce on average.

    6. Re:Rich democrats and their mansions... by LittleLebowskiUrbanA · · Score: 1

      Well, you're uninformed. That area ships all of their fuel for electricity production via ship. They have had a few spills, one quite recently. Said fuel is also expensive. The location for Cape Wind is the best location to provide the locals with wind power.

          So either choose between paying for fuel oil and the dangers inherent or suck it up and deal with a few dots on the horizon.

    7. Re:Rich democrats and their mansions... by Anonymous Coward · · Score: 0

      Full disclosure: I am a libertarian with pro-environmental views and a penchant for cool tech like wind power.

      Look up geolibertarianism: http://en.wikipedia.org/wiki/Geolibertarianism

      If you move to land value taxation, and if the land value drops because of the turbines, charge the owners of the turbines the difference. If they do something to increase the land value (thus increasing land value revenue), give them a rebate. You can be a libertarian and still protect natural beauty that way.

    8. Re:Rich democrats and their mansions... by gandhi_2 · · Score: 1

      No, by all means, put them in my back yard. I'll take two. Just don't put them all over nature.

      You know how a networks value is the square of the nodes? Metcalfe's law? Well the health of a natural area is like that but inverse to the amount of man-made stuff. A road through a wilderness area to some windmills fragments habitat and reduces the viability of all species there. In the haste to build clean energy, lets not destroy our natural areas.

    9. Re:Rich democrats and their mansions... by Anonymous Coward · · Score: 0

      Citation needed. Your living room window is much more dangerous to birds than a 3 megawatt wind turbine. You've clearly never seen one. These things take several seconds to complete one turn, so the birds can easily avoid flying into a blade.

  10. it's just you by Scrameustache · · Score: 2, Funny

    Is it just me or is "wind farm" a misnomer? I always thought of "farm" as production. "Wind farm" makes it sound like they're producing wind. Which is obviously hogwash. Producing electricity, sure, but they didn't call it an "electricity farm."

    dirt farm

    -noun
    a tract of land on which a dirt farmer works.

    --

    You can't take the sky from me...

  11. Alan Walters died last week by Kupfernigk · · Score: 1, Insightful
    Remember - the guy who wanted to privatise all the roads? Because clearly building the Interstates destroyed the US economy. And that ridiculous army you have - H****b****n would obviously do a much better job. (As you note, the police and the army must be far more inefficient and corrupt than all those contractors in Iraq).

    One thing I think is funny is that every time I make a comment suggesting that right wing libertarians are less than 100% correct, it gets down modded in a few minutes, while they all whine that Slashdot has a left wing bias. But I don't care...

    --
    From scarped cliff or quarried stone she cries "A thousand types are gone, I care for nothing, no not one."
    1. Re:Alan Walters died last week by Anonymous Coward · · Score: 1, Insightful

      There is an element of disbelief every time I see someone describing libertarians as right wing.

      This is the sex-drugs-rock-and-roll party, right? The ones who think what's in your own bedroom is your own business, what's in your own bloodstream is your own business, and the dirty words in the music you favour is your own business?

      We must have radically different definitions of right wing. They don't even match the description of political conservatism - slow, cautious, incremental changes. ... and while they might not be in favour of big government, most of them seem to think that emergency services and national defence are actually some of the few things which government can and should do.

      I do think that they're a bit off the wall with their idea of founding their policies in morality (whose morality according to which code is the part they never clarify), but let's not paint them as something they aren't.

    2. Re:Alan Walters died last week by brian0918 · · Score: 0

      Because clearly building the Interstates destroyed the US economy.

      Nice fallacy. Can I sell you some tiger repellent?

      And that ridiculous army you have Who is opposed to the army? The military is necessary to uphold and protect individual rights. Way to apply things out of context!

    3. Re:Alan Walters died last week by ivan256 · · Score: 2, Informative

      But with this we get the worst of both worlds... It's paid for with public dollars, but 100% of the ownership, and 100% of the profit go to a private sector owner (Cape Wind).

      Don't let the propaganda fool you. The opposition to this project about who was, and who was, and who wasn't getting a cut of that money. The links in this summary only point to one side of the story. Good luck finding a single word on the Cape Wind site about where the funding is coming from.

    4. Re:Alan Walters died last week by FTWinston · · Score: 3, Interesting

      We must have radically different definitions of right wing.

      Indeed, the one-dimensional political map normally used is hopelessly inadequate for even very basic purposes. May I recommend the 2D political compass?

  12. They Still Need to Employ People To Build/Maintain by Anonymous Coward · · Score: 2, Informative

    Please, sweet jebus, read Economics in One Lesson by Henry Hazlitt. You cannot advance an economy by moving money and jobs from the private sector to the public sector. Every dollar that goes into this project through taxpayer money is a dollar not spent on food, clothing, haircuts, etc. All those local businesses will eventually see that reduced income and be forced to downsize. With government services, the most you can hope to do in the long term is break even. There is no competitive incentive to drive the service provider toward efficiency, and so public services tend to be the least efficient out there, as well as being the most prone to corruption. Any thing can be made to seem cheap if you subsidize it with tax money. People only look at that one thing, and not at all the other things that are negatively impacted.

    Oh thank you for the Economics 101 lesson, I needed it so dearly. Could you please explain to me how they plan to build these windmills? They will probably be imported from Turkey, right? Not a red cent will be spent on local people or bring local jobs?

    My dad poured cement for the foundations of about a hundred windmills on Buffalo Ridge in Minnesota. Oh, but the project was government subsidized so ... well, I hate to break it to you but he was still paid. He still bought food for our family with that money. It wasn't magic money that flew away to China once the government spent it on something. Nor do I expect this windmill project to be entirely outsourced to another state or country. This creates jobs which in turn gives the local folk money to be "spent on food, clothing, haircuts, etc."

    Your explanation is no better than my explanation which looks a very complicated situation with many complex irrational variables in a paragraph of two year old logic. Get real.

    I generally don't like subsidizing anything but your argument is a fallacy and I will pass on your suggestion of reading that book.

  13. You obviously have never been in the military by Anonymous Coward · · Score: 0

    Both the military and the contractors are operating with U.S. taxpayer money and inadequate accountability. Inneficiency and coruption are not exclusive to taxpayer funded operations, but private businesses with a profit motive and a need to compete for customers are at least motivated to please _some_ customers. The military and contractors please nobody.

    Furthermore, I have th choice of not funding businesses who want my custom, but the government takes my tax contibutions under the explicit threat of violence and improsonment and then used my taxes to act anauccountably in Iraq. If the governemnt didn't have my tax money, they couldn't use it immorally.

    You obviously have never been in the military if you think the military ever does anything efficiently.

    1. Re:You obviously have never been in the military by Rycross · · Score: 2, Insightful

      I've never been in the military, but I was in a military family and did odd jobs for them for summer employment. I've also worked at a taxpayer funded institution and private companies. My experience is that government work is not appreciably less efficient than private businesses.

      I used to think otherwise, until I saw how hilariously inefficient most businesses are.

    2. Re:You obviously have never been in the military by Ethanol-fueled · · Score: 3, Insightful

      The military is still the most efficient employer I've ever had.

      I think the military's increasing dependency on inefficient civilian contractors is what's causing problems. I remember in basic training we had certain administrative briefings done by this guy who bragged about leaving the military only to come back making 30 dollars an hour when they could have just used an E-3 or E-4. Many lower-level tech instructors joked about the same thing.

      And then you have places like Blackwater -- if being a glorified security guard(though much more demanding than working for DHS) is your thing then you can make around 350,000 a year, though I hope to see that kind of excess come to an end very soon.

  14. What about the one in denmark? by lyberth · · Score: 2, Informative

    So the fact that there has been one in denmark for quite some time doesnt count or what?
    http://www.hornsrev.dk/index.en.html

    --

    There isn't much like the scent of a fresh harddisk
  15. Can probably save as much oil cheaper....... by Anonymous Coward · · Score: 0

    and with less dead birds just by subsidizing a real mass transit system for the city of Atlanta.

  16. Re:They Still Need to Employ People To Build/Maint by Rei · · Score: 4, Insightful

    The biggest problem with this argument is that it's completely inaccurate. Its not being paid for with taxpayer money... now. It's being paid for with taxpayer money a couple years from now, plus a couple years worth of interest. The extra things that people are buying with their salaries from this are not coming at the cost to someone else *now*.

    That may seem like a trivial distinction, but if that raises consumer confidence and restores the US (and world) economy even just a little bit sooner, then it's absolutely a good thing. Plus, unlike the other oft cited case of this (war spending), we actually get something out of it other than craters and rubble -- in this case, wind turbines.

    --
    My hand to God. Baby geese. Goslings. They were juggled.
  17. Re:They Still Need to Employ People To Build/Maint by Rei · · Score: 1

    Note: When I said "this argument", I meant the GP's, not yours.

    --
    My hand to God. Baby geese. Goslings. They were juggled.
  18. Daily Show by erbbysam · · Score: 1
    1. Re:Daily Show by Anonymous Coward · · Score: 0

      mod parent up. What this crap is really about.

  19. Wind power is teh eV1Lz by TopSpin · · Score: 0

    From six months ago, so some links may be dead...

    http://slashdot.org/comments.pl?sid=609029&cid=24137949

    Atmospheric Thermal Depletion, baby.

    --
    Lurking at the bottom of the gravity well, getting old
  20. Who said this was about the economy? by extrasolar · · Score: 1

    It's about national security stupid. It means we're less dependent on OPEC and the King of Saudi Arabia. And, yeah, the cost of energy will probably decline somewhat too, but that's a perk.

    But I disagree with the offsetting argument. The demand for energy is just going to go up to meet the increasing supply.

  21. they don't even really answer to the shareholder by Trepidity · · Score: 3, Insightful

    There's been a decades-long fight by activist shareholders to try to get corporations to actually answer to the shareholders. Especially in very large corporations with dilute control, it's not clear who management actually does answer to, if anyone. Perhaps the board, but then the boards are so terribly intermingled with management and between companies that they hardly constitute an effective advocate for the shareholder.

  22. depends on what you mean by voluntary by Trepidity · · Score: 2, Interesting

    A lot of modern business is predicated on coercion, though you're correct in that it's less coercive than actually, 100% forcing you to pay them. Usually, it's by manipulating markets so that you're limited to a choice of paying them or going entirely without the service, sometimes even forcing you to go without vaguely related services if you opt out. For example, the infamous "Microsoft tax" is an effective use of market power by Microsoft to coerce consumers into purchasing Microsoft products whether they want them or not, by requiring OEMs to bundle them with new PCs. The consumer still has the choice not to buy PCs from OEMs at all, but they don't have the choice to simply not buy the Microsoft product.

    1. Re:depends on what you mean by voluntary by JesseMcDonald · · Score: 1

      You and I obviously mean completely different things by "coercion". When I say that the private sector is funded voluntarily and government project aren't, I mean that the private sector can't damage you or your property or assume ownership of your property without a valid contract. (By "valid" I refer to the "meeting of the mind", i.e. mutual agreement over what the terms of the contract are, as well as a lack of duress (threats of damage or loss of person or property) on either side.)

      I do not consider a perceived lack of options to be coercion; the only basis for that position would be the idea that other people have an obligation to provide you with specific goods or services. Such a principle would completely undermine private property rights. If someone doesn't want to sell to you that's their right, whether it results from their own preferences or outside influence.

      If you want to treat influence in the market as a form of coercion, however, at least note that it's a form of power both businesses and governments possess -- the latter to a far greater extent than the former.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
  23. Renewable energy ? yeah ! sure ! by ivan_w · · Score: 0

    There is no such thing as renewable energy !

    Usable energy sources basically comes in 3 forms : Nuclear fusion, nuclear fission and kinetic energy.. and all of them are just transformation of mass into energy.

    Oil & coal is nothing more than stored energy from the sun's nuclear fusion. (the result of the high pressure decay of photosynthesizing organisms).

    Wind energy is just grabbing the energy from the sun's nuclear fusion power & earth' momentum.. Tide generators are solely tapping into the leftover kinetic energy from earth' spin, the moon's movement around earth & earth movement around the sun..

    Geothermal energy is just tapping into earth' radioactive decay energy (which thanks to earth' interior's fairly adiabatic environment means it's being kept in store for a long time).

    So..

    What do they mean by "renewable energy ?"

    (and I'm not going to go into the "No CO2" ads I've seen recently which - were they ever successful - would mean the end of all photosynthesizing organisms on earth - since they would be depleted of one of their food!).

    --Ivan

  24. Re:They Still Need to Employ People To Build/Maint by FooAtWFU · · Score: 1

    But if the government is doing all sorts of borrowing, then they're competing with all the other people who would like to borrow, and that does impact the economy. It raises the (real) cost of borrowing money. And, especially in today's economic climate, where it is so very difficult to borrow money and government bonds are nice and safe (... well, by comparison ...) it's a real drain on economic growth - how much is hard to gauge exactly, but it's still a very real effect.

    --
    The World Wide Web is dying. Soon, we shall have only the Internet.
  25. They are two different words: wont and won't by tantlerur · · Score: 1

    won't |wÅnt|
    contraction of
    will not.

    wont |wÃnt; wÅnt|
    adjective [ predic. ] poetic/literary
    (of a person) in the habit of doing something; accustomed : he was wont to arise at 5:30 every morning.

  26. Re:They Still Need to Employ People To Build/Maint by Rei · · Score: 2, Insightful

    People aren't loaning because there's physically no money left. People aren't loaning because they can't tolerate the risk, especially when we just went through a crisis where our risk models catastrophically failed. The safest entity on the planet to loan to is the government of a superpower.

    --
    My hand to God. Baby geese. Goslings. They were juggled.
  27. The Real Man From Nantucket by CranberryKing · · Score: 1

    There once was a man from Nantucket Whose dick was so long he could suck it He said with a grin As he wiped off his chin If my ear were a cunt I would fuck it!

  28. Mmmm, tailings pond water by Anonymous Coward · · Score: 0

    Seeing you Americano's hate Wind power so much, Canada is sending the sludge & tailing pond water from the tar sands south for you guys.

    Enjoy.

    1. Re:Mmmm, tailings pond water by ChrisMaple · · Score: 1

      Thanks, we'll separate them into useful parts and sell them back to you as finished goods.

      --
      Contribute to civilization: ari.aynrand.org/donate
  29. I hate to be the contrarian but... by tekiegreg · · Score: 1

    Wind will not be the way of the future. This plant needs 1000 people to produce 420mw of power in a year. San Onofre Nuclear power station produces 2400mw of power (1200 per reactor) and while I can't see the number of people employed there, I'm guessing it isn't much more than 1000 people either. With a negligible carbon footprint and insignificant risk of meltdown (I used to live nearby, was never worried). Oh and San Onofre doesn't care if the wind stops blowing...

    If this keeps up, don't be surprised if your electric bill triples people.

    --
    ...in bed
  30. certainly they don't have an obligation by Trepidity · · Score: 1

    I'm not arguing that they have an obligation to provide me with specific goods or services; but that it reduces individual freedom and is a form of coercion if they attempt to prevent others from providing me goods or services unless I purchase their goods and services as well. This is particularly problematic when entities have monopoly power and so can coerce others into accepting such contracts.

    In general, I only consider contracts valid when entered into by individuals with roughly equal bargaining power. A contract signed by a destitute man desperate for lunch, with a megacorporation who has achieved a monopoly on food supply, is not a "meeting of the mind".

    1. Re:certainly they don't have an obligation by JesseMcDonald · · Score: 1

      I'm not arguing that they have an obligation to provide me with specific goods or services; but that it reduces individual freedom and is a form of coercion if they attempt to prevent others from providing me goods or services unless I purchase their goods and services as well.

      First, the two "they"s in this sentence refer to two different entities; in my response, the first was the system manufacturers and the second was Microsoft. It is the system manufacturers who are not obligated to provide you with a specific good, the MS-free computer you want. In turn, putting aside issues of copyright for the moment, MS is not obligated to provide them with software to run on those computers. Refusing to do so, at all or unless specific terms are met, is not coercion, either toward the manufacturers or toward you. To say that it is presumes an obligation on their part.

      In general, I only consider contracts valid when entered into by individuals with roughly equal bargaining power. A contract signed by a destitute man desperate for lunch, with a megacorporation who has achieved a monopoly on food supply, is not a "meeting of the mind".

      It is your prerogative to feel that way, but all you accomplish by refusing to hold both sides to the terms they understood and agreed to is to ensure that the destitute man goes hungry. Or perhaps you think so little of your fellow human beings that you would expect them to enter into an "unconscionable" contract when other options were available?

      Do you really think you know how others should manage their affairs better than they do themselves?

      A valid contract requires just three components: a common understanding of the terms ("meeting of the minds"), willing agreement by both parties (lack of duress caused by the other party), and truthfulness regarding the factors which lead to that acceptance (absence of fraud). If these conditions are all met, but one party still refuses to abide by the contract, that person is at best a liar, possibly a thief, and entirely without honor.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
  31. but your conditions fail to hold by Trepidity · · Score: 1

    Having monopoly control over, say, food, means that there is no "lack of duress caused by the other party". The corporation has gotten itself ownership of all food, so now anyone who wants to eat must pay it.

    My point is precisely that in monopoly situations such as that, it is not the case that "other options [are] available".

    In the Dell example, I wish to buy a PC from Dell, which they would like to sell me. Microsoft is not involved in this transaction, as it does not involve their products. However, they exercise their monopoly power to forbid Dell from doing business me me, unless they force me to purchase a Microsoft product---i.e. force me to sign a separate contract with someone who was not party to the original proposed contract.

    In short, I generally take Thomas Jefferson's view that the goal is individual liberty, and the means depends on the situation---which is why Jefferson was generally opposed both to powerful governments and to large corporations.

    1. Re:but your conditions fail to hold by JesseMcDonald · · Score: 1

      I believe I already defined duress as "threats of damage or loss of person or property". Even if one party did own all food (an exceedingly unlikely scenario), they aren't threatening to damage or take anyone's property or person, so the contract would remain valid on that point.

      Anyway, if the contract were invalid they still wouldn't have any obligation to give you their food; you'd just be eliminating your primary means of persuading them to do so by refusing to keep your word.

      Microsoft is not involved in this transaction, as it does not involve their products. However, they exercise their monopoly power to forbid Dell from doing business me me, unless they force me to purchase a Microsoft product...

      If the use of "forbid" and "force" were accurate then this would indeed be coercion, but that is not the case. Dell is perfectly free to do business with you, but at the same time MS is free not to do business with them. Whether this latter choice is conditional or not makes no difference whatsoever; neither do absolute or relative market shares invalidate the basic property rights of either Dell or MS. As I have already stated, you are presuming that MS's market share imposes an obligation on them to provide certain goods and services on your terms -- an obligation directly contrary to their property rights.

      --
      "The state is that great fiction by which everyone tries to live at the expense of everyone else." - Bastiat
  32. First offshore windfarm of the US, you mean ? by chthon · · Score: 1

    See subject...

  33. Re:They Still Need to Employ People To Build/Maint by brian0918 · · Score: 1

    The extra things that people are buying with their salaries from this are not coming at the cost to someone else *now*.

    What can happen *now* is that other countries can see our huge debt and decide it's not a good idea to trade with us. They'll want nothing to do with our currency if they see that we have no intention of paying back our debts, that our government is essentially "owned" by other governments. This is one effect of the disastrous economic bailouts that have already been passed under Bush and are soon to pass under Obama.

    if that raises consumer confidence

    Why would it? You've simply increased uncertainty about the future. That drives people to save more, not spend more, no?

    we actually get something out of it

    Your false presumption is that it would not happen otherwise. Why wouldn't it?

  34. Re:They Still Need to Employ People To Build/Maint by brian0918 · · Score: 1

    if that raises consumer confidence

    In addition, why is consumer confidence important? If you put your money in a bank, it doesn't sit there idle. It's used by the bank to invest in productivity. The more people save in banks, the more capital banks have to loan out to companies to expand their businesses and create jobs. People who live paycheck to paycheck have no savings, and thus no investment toward the future. They hold their own, but do not advance the economy. Buying products is the end result of production, not the cause. It is savings that made those products possible.

    Saving money is the right move now for everyone, and that is why you see everyone doing it - it just so happens that what works best for the individual also works best for the economy.

  35. Ferengi by Anonymous Coward · · Score: 0
    I dropped by this discussion in the hope of reading something of the political and technical aspects of an offshore wind farm.

    Imagine my joy at finding nearly the whole discussion hijacked by Ferengi who spent all their time talking about economic models and contracts.