Dim Bulbs

Crony capitalism and the 100 watt bulb.
As Politico reported, "big companies like General Electric, Philips and Osram Sylvania (are) fuming." Allegedly these companies are mad because they invested lots of money getting ready for the new rules.

Fact is, they were pushing for the ban all along.

In 2007, Philips urged an incandescent ban as a way to force the market toward high-efficiency bulbs, complaining that without such laws, "purchase price and functional performance often take precedence over environmental concern."

That same year, the National Electrical Manufacturers Association, which represents companies making 95% of bulbs sold in the U.S., told a Senate panel that a ban was needed "to further educate consumers on the benefits of energy-efficient products."


You can believe if you want these companies only had Mother Earth in mind with this ban. But more likely they saw it as a chance to fatten their bottom lines. Who wouldn't jump at the chance to outlaw a low-margin, 60-cent product when you're trying to hawk a high-margin $3 alternative?

This would hardly be the first time big business teamed up with big government to enhance profits through competition-crushing regulations. Timothy Carney's book, "The Big Ripoff," detailed many cases where businesses "profit from big government policies that rip off consumers."