The case for Perry’s venture capitalismThere’s a big difference between the Texas and statist approaches - There has been a lot of debate about Gov. Rick Perry’s economic development funds. The criticism centers on the idea that the Texan’s funds create a “Solyndra problem” for him, that by investing in businesses that bring jobs to the state, Mr. Perry has the same job-creation approach President Obama displayed in backing federal loans to a solar-energy firm.
Equating the two men in this way provides a convenient symmetry, but it’s also a false comparison that misses why many free marketers are comfortable with Gov. Perry even while critical of Solyndra.”……