(S.A. wins new jobs in clean energy, Tracy Idell Hamilton, MySanAntonio.com)
CPS Energy CEO Doyle Beneby is expected to announce Monday the relocation of several clean-energy-related companies to San Antonio, bringing hundreds of good-paying jobs and establishing a firm toehold in the “new energy economy” that Mayor Julián Castro has been pushing since he was first elected.The article goes on to say that these companies are going to spend Millions on San Antonio education and infrastructure and are going to be giving away certain products FOR FREE!
Which all sounds well and good until you realize that pseudo-governmental agencies make up their economic short-falls on the backs of the taxpayer. Granted, free-market companies pass on their short-falls to the consumer, the difference being you have a choice in the private market, while in the regulated, government monopoly there's no relief from poorly ran companies who make short-sighted decisions partially for political reasons.
Somewhere, and forgive me but I don't remember where, I read a comment by a progressive suggesting that pseudo-governmental agencies shouldn't worry about profit at all. I can't state how much I agree with that. While agencies such as Metro and CPS Energy don't need to turn a profit because they're subsidized heavily, their goal should be to run as profitable as possible so that their impact on the taxpayer's wallet is none. Those profits could then either be sent to the general fund, or used to strengthen the infrastructures they operate.
Instead we have companies that are coming in and receiving Billions in government subsidies to do something the free-market has decided right now is unsustainable. Guess who's going to pay in the long run?