It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
But China is far from communist anymore, China has been run for quite some time by its vast network of shadow banks and ultra capitalist controllers. Thats like me questioning why the U.S has an Amazon factory not far from my house. Between you and me though, if my climate could sustain it, id much prefer it if I could swap that Amazon factory for some crazy solar energy farm from the future. Even if the Chinese put it there, so what?, are you really that xenophobic?.
People's Republic of China
Many analysts assert that China is one of the main examples of state capitalism in the 21st century. In his book, The End of the Free Market: Who Wins the War Between States and Corporations, political scientist Ian Bremmer describes China as the primary driver for the rise of state capitalism as a challenge to the free market economies of the developed world, particularly in the aftermath of the 2008 financial crisis. Bremmer describes state capitalism thus:
In this system, governments use various kinds of state-owned companies to manage the exploitation of resources that they consider the state's crown jewels and to create and maintain large numbers of jobs. They use select privately owned companies to dominate certain economic sectors. They use so-called sovereign wealth funds to invest their extra cash in ways that maximize the state's profits. In all three cases, the state is using markets to create wealth that can be directed as political officials see fit. And in all three cases, the ultimate motive is not economic (maximizing growth) but political (maximizing the state's power and the leadership's chances of survival). This is a form of capitalism but one in which the state acts as the dominant economic player and uses markets primarily for political gain.
This “monopoly position” of SOEs is one of their greatest advantages. State-owned enterprises are given government subsidies and have much easier access to credit than independent firms. The Wall Street Journal China Real Time blog notes that SOEs are the “beneficiaries of unfair subsidies and below-cost financing.”
Indeed, 85 percent of loans in 2009 were issued to SOEs, because banks themselves are state-owned, and are directed to let credit flow to other state-owned businesses. SOEs can get money more cheaply, paying lower rates for borrowing, and are more blasé about repaying these loans: SOE borrowing was a major source of non-performing loans in past crises.
In some industries, SOEs are granted a monopoly, with private enterprise not allowed to participate, especially in sectors related to national security. As the Wall Street Journal comments, “Beijing frequently justifies the state’s grip on key companies that form the “commanding heights” of the economy – like energy, power, steel, telecoms and shipbuilding.”
But i did my post above is talking about how Bundy's land is in the Solar power plant zone...
This new deal has not started yet so it could not have fallen through yet.
Reid said the project "would start tomorrow if NV Energy would purchase the power." The utility controls "95 percent of all of the electricity that is produced in Nevada and they should go along with this." Reid's online comments were first reported by the Las Vegas Review Journal. The power company responded by saying it had exceeded its minimum renewable energy requirements both last year and this year, though it would consider buying power from ENN in the future. A spokesman for NV Energy declined to discuss the matter further.
What we are witnessing is how the Harry Reid LLC Mafia operates.
Bundy is the only cattle rancher left in Clark County.
The others have been chased out already.
WASHINGTON - Sen. Harry Reid on Monday applied pressure to Nevada's chief electricity provider to get behind a $5 billion solar project that a Chinese company wants to build near Laughlin. Reid said the ambitious complex envisioned by ENN Mojave Energy "would start tomorrow if NV Energy would purchase the power," but the company "has not been willing to work on this and that's such a shame.
" The Senate majority leader's remarks were the linkage between the Nevada utility and the clean energy project. Previously, the project was aimed at serving utilities in California, where state officials now say they have no interest in importing power from other states. Reid, D-Nev., indicated there have been overtures to gauge NV Energy's interest in buying power from the Laughlin venture. He characterized NV Energy's response as "weak excuses," including what he described as the utility's doubts that the Nevada Public Utilities Commission would approve the purchase.
"NV Energy is a regulated monopoly," Reid said. "They control 95 percent of all the electricity that is produced in Nevada and they should go along with this." Responding to Reid, an NV Energy spokeswoman said the utility is not in the market for more renewable energy at this time, having exceeded the state's requirement that 15 percent of its portfolio originate from clean sources. The company does not plan to issue new requests for power until 2014 and 2015, and will do so through competitive bidding, said Jennifer Schuricht.