Bloomberg Businessweek story about America "sitting out the race" on green technology, noting that a lot of American venture capitalists are putting there money into China, where the market seems more "secure."

This is why:

If America had air like that, we'd have a bigger market.  If we had China's skyrocketing oil and electricity demand, things would be different too, but, frankly, I wouldn't want either.

China's combination of cheap labor and extreme need will make it hard for America to match, especially with a Congress that seems incapable of moving on such issues.  Will China get all these investments right?  Not by a long shot, but I expect a lot of pundits on our side to look at China's mad dash with a lot of envy.  China is expected to spent close to a trillion dollars over the next decade, which I would consider to be a pretty good use for its money.

No question we want to reduce our trade imbalance with China and boost our exports in general, but again, it gets awfully hard to compete with the sort of necessity China is facing, and all that cash, and all that cheap labor.