Friday, February 20, 2009

good at Lobbying is not equal to good at Inventing

I watched a documentary on a Viasat channel about the Wright brothers. The story describes how they have managed to achieve what others backed by $ 50,000 of government funding could not.

This brought me to the obvious conclusion that:
"Good at Lobbying is not equal to good at inventing, nevertheless it seems that good at lobbying is equal to good at spending."

Check how the government money are used by the big companies during the crisis. It will not become obvious right away. We need to wait till someone involved starts to talk. But it will be just like the Wright brothers story - somebody small, based on enthusiasm will find and implement the solution, while big spenders will charm us with their heroically futile eloquence.

Check the 18 billion in Wall Street bonuses of the top bank managers, who needed urgently government backup... I suppose that they could have lived this year without these money.

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