There are several things to say. First, although I have reservations about electric cars, let’s be clear that this is a nascent Green New Deal in operation.
Second, let’s also be clear that this is the government picking winners and losers.
And third, quite unambiguously this is the government acting as a banker to the private sector.
And, fourth, the sum involved is far from insignificant.
So, fifth, let’s never again hear opponents of the Green New Deal and a National Investment Bank saying that it is not the government’s job to do any of these things: very clearly it is. A Tory government has just proved that.
What about those of us who think that government shouldn’t be trying to pick winners and also shouldn’t be guaranteeing loans in this manner? That we disagree with Tory policy doesn’t mean we have to accept it, surely?
But much more fun. Note what the Senior Lecturer’s argument actually is. A Tory Government is doing this, therefore by definition it is right to do this. An interesting idea that, isn’t it?