Wednesday, 11 September 2024 13:25

Great ideas?

Written by The Hound

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OPINION: Your old mate was shocked to learn that two pet projects of progressive dreamers have come a gutser in the real world.

Electric cars and 'fake meat' were both lauded as world-changing, and lefties and progressives the world over proceedded to ram them down our necks.

However, put the last 5 years sales data of fake meat darling Beyond Meat on a chart and it looks very similar to that of EV sales - boom and bust.

Once the hype and government incentives were gone, real-world demand for both things crashed.

Investors in both categories have been burnt but hopefully learned a lesson: if actors, musicians and Green Party MPs say they've found 'the next big thing', leave your money in the bank.

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