>In the long run we are worse off, because the subsidy can't last forever.
You're making the classic error here of not factoring the externalities involved - the pollution and other issues from fossil fuels. If they were actually being paid for then electricity would be much cheaper. Fossil fuels get a defacto subsidy by being able to pollute the environment without any cost.
You're making the classic error here of not factoring the externalities involved - the pollution and other issues from fossil fuels. If they were actually being paid for then electricity would be much cheaper. Fossil fuels get a defacto subsidy by being able to pollute the environment without any cost.