WhatFinger

California public utilities are paying out $548 million over the next seven years in order to subsidize the purchase of CFL’s

Consumers Get Screwed on Light Bulb Deal


The concept of creative destruction implies that an individual or a group of individuals discovered a better way of doing business and in turn destroys the old way of doing business. For instance, those who made light bulbs creatively destroyed the candle maker. The consumer, who demands better service at lower prices, drives this process of creative destruction. However, this lesson has been lost on California lawmakers when it comes to energy policy – and everything else for that matter – but especially when considering the compact fluorescent light (CFL).
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