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> because the industry is a regulatory hell That's weird, since many believe that the US nuclear industry is a fine example of regulatory capture.
by jhgb 4y ago
> because the industry is a regulatory hell
That's weird, since many believe that the US nuclear industry is a fine example of regulatory capture.
- fallingknife 4y agoYou know that's the same thing, right?
- jhgb 4y agoI thought it meant the opposite, especially in context. Surely the problem of US nuclear construction doesn't lie in the NRC making concessions.
- fallingknife 4y agoThe point of regulatory capture is that regulatory hell is actually good for the established businesses in an industry. Sure it costs them money to comply, but the regulatory hell keeps new entrants out of the market completely, so the protection from competition is well worth the price.