My spouse and I tend to disagree over whether government grants are better than free enterprise. This morning, we argued over which approach would do more to develop alternative energy sources and to improve energy conservation technology.
As a particular example, we focused on the new gasoline-electic hybrid cars, such as the Honda Insight, with economy ratings of 61 mpg city and 70 mpg highway. Does anyone know who deserves the credit for this new technology?
Well, Toyota had the Prius in Japan in 1997, which uses the same idea as the Insight.
There really is no revolutionary technology here – it’s just combining rechargeable batteries with a regular engine…so as far as credits go – you could credit the inventors of the modern battery and the internal combustion engine (which I won’t attempt to name here for fear of nitpickers).