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The lack of industrial capacity is almost purely due to regulatory cost disease. When you look at industries allowed to be profitable, they go and build things
by samatman 4y ago
The lack of industrial capacity is almost purely due to regulatory cost disease.
When you look at industries allowed to be profitable, they go and build things like the Bakkan oil fields.
It's perverse that we regulate nuclear out of existence and build sprawling fracking infrastructure instead, and allow a dysfunctional political process to kill rail in California. But it's 100% about regulation.
US nuclear engineers are old? Great, Chinese ones aren't and we can pay them more. We hire them, problem solved.
- ClumsyPilot 4y agoThe mindset that blames regulation is the same mindset that created this problem in the first place. It's the neoliberal fantasy that world of atoms doesn't matter, and skills of the population doesn't matter. You can't magic your way out of a problem just because you have a fat bank account. You can't hire 50 nuclear engineers into an organisation that never built anything of that complexity, with no suppply chain and no manufacturing infrastructure. You can't get natural if you have no pipelines or LNG terminals. Whem climate-change related droughts cause food shortages and countries ban exports, your bank account wont help you either Money is just an abstraction, and it does a big correction every time suppy chains or markets faulter