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The problem with anything nuclear is insurance. The only way reactors got insured was because Uncle Sam underwrote them.
by justonepost 11y ago
The problem with anything nuclear is insurance. The only way reactors got insured was because Uncle Sam underwrote them.
- oska 11y agoIndeed. What insurer could have covered the estimated 137 billion dollar hit [1] from the Fukushima disaster? The Japanese government has had to step in, to the very real financial detriment of its people and their nation. [1] http://www.bloomberg.com/news/articles/2012-11-07/fukushima-137-billion-cost-has-tepco-seeking-more-aid http://www.bloomberg.com/news/articles/2012-11-07/fukushima-...
- jedmeyers 11y agoAlso, Chernobyl was one of the reasons Soviet Union collapsed.
- pjc50 11y agoWell, it's cheaper than Greece. (Nuclear reactors have the same "too big to fail" problem as the banking system: the expected value is positive, but the worst-case is a huge open ended liability and toxic asset)