The federal government subsidized the carbon economy. Now it should subsidize a greener one.

The Green New Deal and subsequent clean energy policy efforts have been decried as socialist, government interference in what is an otherwise capitalist and 'free market' energy economy. This op-ed nicely summarizes how government incentives, subsidies and regulations supported the rise the rise of the fossil fuel industry as we know it today.

The nation’s energy sector has never functioned as a capitalist “free market.” In fact, the pervasive use of fossil fuels today is the product of corporate-friendly policies through which the government has subsidized the industry and performed the spadework for its expansion. For more than two centuries, the state has worked on behalf of fossil-fuel interests not just to mend market failures or level the playing field, but also to create markets for energy firms and build infrastructure that ensure their profitability.


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