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You’re definitely right by that measure. There’s a famous hydro energy deal between the provinces of Newfoundland and Quebec in Canada where in the 1960s Newfou
by chrisdinn 6y ago
You’re definitely right by that measure. There’s a famous hydro energy deal between the provinces of Newfoundland and Quebec in Canada where in the 1960s Newfoundland agreed to provide hydro power in a long term contract (80 years?) for what is now a fraction of its value. It’s viewed as an enormous boondoggle (“Churchill Falls”) but what most don’t realize is it was signed under the expectation that the coming wave of cheap, abundant nuclear would make hydro power uncompetitive.
- dalbasal 6y agoThat's a really demonstrative example. I love trying to see the present from the viewpoint of the past. I feel like it sharpens the quality of my subjective judgement more than anything else. I was quite obsessed with Keynes' famous 15 hr workweek prediction as a student.