Free-Market Principles Apply to Light Bulbs, Too

light bulb

The U.S. Department of Energy has awarded appliance-maker Philips $10 million for devising an alternative to today’s 60-watt incandescent light bulb. The Philips bulb sells for $50, yet a standard incandescent bulb sells for around $1. Government programs such as the “L-prize” are yet another example of the waste of taxpayer dollars.  America’s economy is becoming more energy efficient and less carbon intensive, not because of regulation or government programs, but because it saves money to be energy efficient. If  a product truly saves a consumer money then there should be no need for subsidies, mandates, efficiency standards or other government manipulation to allow such a product to flourish in the marketplace.

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2 Responses to Free-Market Principles Apply to Light Bulbs, Too

  1. Tom Roe says:

    A rising uncritical faith in government is the bane of our times. During a recent dinner conversation about energy with a co-worker I found myself attempting to answer endless popular misconceptions. Illumination flared after two sparks struck: we do not burn oil to make electricity (1%), and a picture of the Korean Peninsula at night on my phone. The effect on my very bright younger companion was obvious. Please continue to “light a candle” at ALEC. I’ll do my part by switching diet drinks.

  2. Charles Ammon says:

    WOW, this is ridiculous literally! LOL. Like 10 million for $50? The message is the money, not the deed. We need to make it the deed, not the money.

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