How actually to compete with China

Excerpt

Fifteen years ago, the federal government poured $535 million into a California-based solar module innovator, Solyndra. That’s a lot of money. In today’s money, it would be enough to cover the payrolls of the Red Sox and Dodgers combined. In 2009? It was enough for Solyndra to go bust in fewer than two years — making the company one of America’s biggest public funding debacles.

Emily de La Bruyère and Nathan Picarsic are Senior Fellows at the Foundation for Defense of Democracies and co-founders of Horizon Advisory.