But then, practice makes perfect.
In 2008, the first incarnation of Genesis Poly Recycling, originally called AGSI Recycling, collected a mere $57,000 from the City of Mankato, Minnesota, then promptly dumped 8 million pounds of unrecycled plastic they had collected into a landfill.
They must have hit the "that was easy" button after that little stunt because, only 2 years later, with the same idea and the same investors, but a considerably sexier name, the same company collected slightly more cash from taxpayers before going bankrupt:
- $5,100,000 in unrepaid loans;
- $500,000 in equipment;
- an $850,000 building.
Wow, recycling one $57,000 dumb idea into a $6.5 million dumb idea!
Wall Street Occupiers take note: You might want to think twice before dismantling green capitalism. There might be something in it for you.