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Nuclear Socialism

By Matthew Yglesias on March 12, 2010 at 11:28 am

"Nuclear Socialism"

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CAP on financing nuclear power plants:

The mechanics of a nuclear loan guarantee 1

In France, where they actually have lots of nuclear power, the plants are built by a state-owned firm and the utility that buys the power is another state-owned firm. This, combined with a commitment to reprocessing waste, seems to me to work. But nobody in the United States seems to be talking about a serious, French-style approach to nuclear power. Socialism, of course, is taboo here even though it’s the established model for workable nuclear power. What’s more, there’s way too much NIMBYism to build plants on a scale that make reprocessing worth doing, but also no good alternative to reprocessing in terms of waste storage. So instead we talk about subsidies that, while costly, seem unlikely to actually result in very much nuclear power.

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