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There are far bigger and arguably more useless 'money sinks' than ITER, which has since its inception cost about US$20 billion or so. The UK's HS2 project is p
by delta_p_delta_x 2y ago
There are far bigger and arguably more useless 'money sinks' than ITER, which has since its inception cost about US$20 billion or so.
The UK's HS2 project is projected to cost in the ballpark of £50 billion. This is literally a railway line—something that people have been building for a couple of centuries now. Sure, there's a bunch of land acquisition and construction, but it's still a bit of a joke how expensive it's got.
The F-35 project has an estimated lifetime cost of US$1.5 trillion. This is a full two orders of magnitude more than ITER. Sure, this is meant to be spread out over the next 50 years or so, but the initial production cost over-runs were so big it isn't even funny.
Plenty of mass rapid transit systems easily run into the tens of billions of American/Australian/Singapore dollars/pounds sterling/euro.
In contrast to all of these, the money given to ITER is a complete pittance for the sort of science and results that it is expected to generate from the late 2020s. It is a big construction project, similar to a large airport or skyscraper. (Let's not even talk about how expensive Berlin Brandenburg airport got—it's a bunch of bitumen tarmac and a handful of buildings that managed to punch past 6 billion euro.) Its construction has steadily and consistently progressed in the past eight years that I've been paying close attention to it. I am fully confident that it will meet its timeline of first plasma in the late 2020s. Probably closer to 2025, actually.
- preisschild 2y agoNone of the things you mentioned are useless at all. High Speed Rail (and other Megaprojects) get even more expansive the longer you dont build them. We need to fund it even when its expansive, because that money is also spent on recruiting and training new workers, rebuilding supply chains and so on. And the F-35 was the first mass produced Generation 5 fighter and it still is the only one. Definitely not useless for deterring enemies of freedom such as Iran, Russia and China.
- preisschild 2y agoI'd even argue that ITER is more useless than both your examples. High Speed Rail and modern defense do not have good alternatives to them. Fusion has an alternative: Fission. Sure, it might not be as sustainable in the long term (although with wide deployment of Breeder Reactors it might be), but we have enough Uranium for the short term anyway. And we have many decades of experience with them, how to deploy them most economically, how to use them with the least downtime (more than 90% uptime in many reactors) and so on.