The Greedy Bastards Paradox

If we accept President Obama's economic arguments, his State of the Union address was most remarkable in the aftermath, when nothing happened.For the sake of argument, let's agree with the President that the winning ticket of the global economic lottery will be investment in renewable energy, high-speed rail and other green industries.  Bet on green and you win the future.  Let's also stipulate, as the left believes, that private capital in America is in the hands of greedy bastards -- capitalists who will do anything for a buck.The question then becomes why all those greedy bastards are not pouring money into the epochal investment opportunity that President Obama unveiled.  Why is Wall Street not running up the stocks of companies positioned to flourish in the coming green economy?  Where are the private equity firms that should be knocking down the doors of the solar shingle company that the President touted?  Why aren't hedge fund sharpies jumping into...(Read Full Post)