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Most industries don't cause outsized losses. A chemical company that causes tens of billions in damages has to pay tens of billions of dollars or it goes out of
by wpietri 3y ago
Most industries don't cause outsized losses. A chemical company that causes tens of billions in damages has to pay tens of billions of dollars or it goes out of business.
Nuclear power was given a special subsidy because nobody wanted to run the risk of running a nuclear power plant if they actually had to be on the hook for it.
I never said we should require insurance for nuclear power, although that's not a bad idea. Plenty of states do it for cars, after all, so you could make a case that it should apply to bigger things. I am just saying that nuclear power should be priced fairly, which would include removing the special liability cap for nuclear plants.