So how does he respond to the charge of allowing the chancellor to "pick winners"?
Operators also help to pick winners by putting their marketing muscle behind certain devices.
"Asian governments are realizing that you can't pick winners, " says the World Bank's Husain.
As for the next 15 years, it is hard to pick winners in the present buoyant mood.
Instruct your Energy Secretary to quit trying to artificially pick winners and losers in the energy space.
Diversified investors who own several different index funds tend to outperform investors who try to pick winners and losers.
This means interventions to save faltering big businesses must stop, including the use of taxpayer funds to pick winners.
They are spending less time on broad asset allocation, and more on trying to pick winners within each class.
ECONOMIST: What makes America's colleges such clever investors?
How can investors pick winners, and steer away from losers, in these industries?
Quinn concedes it is getting harder to pick winners or losers in infrastructure.
Some economists say it would be better just to lower the headline corporate-tax rate and let the market pick winners and losers.
If the Obama administration wants to advance justice, it would abolish farm-loan programs and stop letting politicians pick winners and losers in rural America.
WSJ: James Bovard: Rotten Tomatoes for a Billion-Dollar Farm Payout
But Obama has no interest in ending this complexity, and he has no problem with using the tax code to pick winners and losers.
When designed well, a results-based finance program does not try to pick winners, does not distort markets, and achieves a very high social return per dollar invested.
So how can you (and fellow venture capitalists) pick winners?
In a world with highly mobile capital, tax policy needs to be neutral toward different forms of business activity and not succumb to the temptation to pick winners and losers.
WSJ: Hassett and Hubbard: Romney vs. Obama on Corporate Tax Reform
This makes sense given that the Federal Deposit Insurance Corporation is now sending clear signals on how it will pick winners and losers when a giant bank gets into trouble.
After all, the rationale is simple: Even though it's hard to pick winners this early in the industry cycle, your chances of picking losers are incredibly good as the dotcom dead pile up.
To be clear, we are not advocating interfering with contracts, quite the opposite, we are arguing for Congress to get out of the way and let the free market pick winners and losers instead of Washington, DC.
FORBES: Analysis of Current Legislation in Congress on Unlocking
As interoperability and cyber-security standards become increasingly established over the next year, it will be easier to pick winners and losers in the smart-grid space and perilous for multinationals to sit on the sidelines as their competitors corral control over a promising growth industry.
America's ethanol subsidy, which has led to a huge rise in production, rocketing maize prices and consequent rioting in Mexico, is the sharpest example of why government should not pick winners: once the fertiliser and fuel used in corn production are taken into account, ethanol is probably not much greener than petrol.
He made his big splash in 1973 with his best-selling takedown of stock-picking, A Random Walk Down Wall Street, in which he illustrated the futility of accurately predicting future stock prices, noting how a blindfolded chimpanzee throwing darts at the stock page of a newspaper could pick winners as well as a Wall Street professional.
FORBES: Burton Malkiel Advises Running From Bonds Into Dividends, Emerging Markets
Second, governments should not pick winners or give out extensive subsidies. (Translation: Ethanol is a bad idea, and other existing "renewables, " such as wind power, are unlikely to ever be more than a niche source.) Better to have a small carbon tax to place a price floor for competing technologies, and offer large cash prizes, similar to the X-Prize for private space flight, for specified energy breakthroughs.
Governments should not pick business winners and losers according to former Massachusetts Governor, W. Mitt Romney.
History shows that official attempts to pick technology winners, no matter how initially promising, usually end in tears.
All the more reason to let investors, not Mr Cameron, pick the winners.
Of the top 500 submissions, a panel of judges will pick 100 winners.
应用推荐