In today’s New York Times, we learn that reality is hitting Silicon Valley:
Silicon Valley’s latest, greatest hopes — clean tech and green tech — also seem to be failing despite big investments from the likes of John Doerr of Kleiner Perkins Caufield & Byers and Vinod Khosla, a former Kleiner partner.
“It is not clear anyone will make money on their green-tech investing. It looks like it was a bubble,” Mr. Parker said.
Readers of NRO knew this many months ago when Arnold Kling and I wrote about the government-sponsored green-energy bubble.