Why Do Taxpayer-Subsidized Businesses So Often Fail?

Subsidize renewable energy? What a great idea! If you like wasting money. SunEdison, which once described itself as the “largest global renewable energy development company” and was America’s fastest-growing renewable energy company, filed for bankruptcy April 21. It seems that $1.5 billion combined subsidies and loan guarantees (including $650 million in grants and tax credits—i.e., outright handouts) […]

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