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This should be a quick reminder to the crowd -- Nuclear is almost always a public/private partnership to manage the project development costs and to keep the co
by boringg 1y ago
This should be a quick reminder to the crowd -- Nuclear is almost always a public/private partnership to manage the project development costs and to keep the cost of capital in a reasonable range. The costs are large for a private company to put up the capital with the risk involved.
- pfdietz 1y agoIn other words: nuclear is not viable unless the risks are offloaded to the public. Privatize profits, socialize risks.
- boringg 1y agoIts the same with any massive infrastructure investment - only governments have the balance sheet to build them.
- epistasis 1y agoIt is not that way with other similar types of power production.
- ezst 1y agoOr, you know, socialize risks, socialise profits. I don't know why we would have to put up with this abuse and corruption any longer.
- pfdietz 1y agoIt's precious that you think a socialized system wouldn't be rife with corruption.
- ezst 1y agoYou only really have two options there: - a system of lords and peasants, where the lords are held accountable and kept in check by the peasants, as the social contract obliges, or - a system of lords and peasants, with no checks and balances Obviously, corruption can creep in any system, but the one that states "let's give it all to the lords with nothing in return" seems asinine to me.