Acton Institute Powerblog

Why private investment works and government investment doesn’t

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Do you remember the solar power company Solyndra? The company managed to go bankrupt despite the government being its biggest investor. Or, maybe they went bankrupt because the government was the primary investor.

Burt Folsom, a historian and professor at Hillsdale College, says that this is nothing new. Looking at the history of the race to build America’s railroads and airplanes Folsom shows why private investment works and government investment does not.

Joe Carter Joe Carter is a Senior Editor at the Acton Institute. Joe also serves as an editor at the The Gospel Coalition, a communications specialist for the Ethics and Religious Liberty Commission of the Southern Baptist Convention, and as an adjunct professor of journalism at Patrick Henry College. He is the editor of the NIV Lifehacks Bible and co-author of How to Argue like Jesus: Learning Persuasion from History's Greatest Communicator (Crossway).