The first problem is that Technocracy is a crackpot vision of Utopia that has never been tried, much less tested, in the real world. There is no concrete evidence that it would ever work, even under ideal conditions. And yet, Technocrats everywhere, including the United Nations, assure us that this is the hottest thing since the invention of electricity.

The destruction of carbon-based energy sources is already under way, creating the first wave of energy deficits, which leads to the second problem. Simultaneously, the first wave of solar development was also underway with glorious promises, scads of eager investors and scientists in white coats leading the parade of fools. The nilly-willy stampede rivaled the tulip mania of 1637 in Holland.

After all, everybody loves a sure thing.

Much to their chagrin, the industry has reversed field and is full retreat. The largest solar company in the world, SunEdison, is on the ropes and headed toward bankruptcy. It may take the rest of the industry with it.

Since last July, SunEdison's stock has lost ninety-eight percent of its value, despite a recent rally off its low. Excuses and accusations abound.