runsmooth

China alone is pushing the world into the renewables age. For the rest of us, we just follow the wave.

Nuclear does not have similar issues. Nuclear is a super long game that basically leaves a few states left to explore and invest in this area. Nuclear power is basically a bespoke option that needs to be developed like an art piece and an investment. Any nuclear power installation requires massive budgets, massive budget overruns, and over 10 years of development and installation which will overrun as well. By the time a nuclear project breaks ground, only the next generation will possibly enjoy whatever power is generated.

Nuclear also requires massive investments of teams of specialists. They basically need teams to operate over huge periods of time to retain the institutional knowledge of building, maintaining, and improving upon these installations. In that sense nuclear is similar to rail companies in that we want teams with over 100 years of experience in this business to maintain a certain level of competence.

Nuclear is fun to drop like in SimCity or Civilzation, but it is completely, seriously inaccessible for many.

What’s the show called?

I thought Panasonic makes those infrared ovens still. They’re still around!

Productivity gains are not across the board, and is a subject of scrutiny and debate.

But what AI really has done is basically redistributed American wealth to a smaller group of people, and therefore a smaller pool for the US politicians to focus on satisfying. If there is an AI bubble pop, what market watchers suspect is there’s actually no other American sector to mitigate what is otherwise a recession.