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The history of nuclear administration in Japan should teach us that privatization of nuclear energy generation is a bad idea. I realize a lot of people will rea
by ixtli 5y ago
The history of nuclear administration in Japan should teach us that privatization of nuclear energy generation is a bad idea. I realize a lot of people will read this who have specialist knowledge on the subject but that’s not really relevant to my criticism:
The purpose of the infrastructure should not be to profit but to power profit engines. This allows us to focus on safety and reliability in a way which has been shown to be difficult or impossible under private ownership.
Also, before replying with examples of bad public ownership, I am in no way arguing that “government good.” Simply that the incentives set up by public ownership set projects like this up for failure in a way which public ownership can avoid.
The consequences of failure here are too great to risk exposing it to the profit motive.