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Friday, November 18th, 2022

    Time Event
    8:42a
    Atbalsojot Cthulhu teikto:

    The bending of that curve, he claims, constituted self-inflicted injury. Our midcentury dreams of future progress — flying cars, nuclear power too cheap to meter, moon bases and underwater cities — didn’t fail to materialize simply because we were lousy at guessing how technology would actually develop. They failed to materialize because the anti-Promethean backlash, aided by with loss-averse apathy, left them strangled in their cribs.

    He is especially convincing on nuclear power. My prior impression was that nuclear power had always been a high-cost white elephant propped up only by subsidies, but Hall documents that back in the 1950s and 60s, the cost of new plants was falling about 25 percent for every doubling of total capacity — a classic learning-curve trajectory that was abruptly halted in the 1970s by suffocating regulation. In 1974 the Atomic Energy Commission was abolished and the new Nuclear Regulatory Commission was established. In the almost half-century since then, there has not been a single new nuclear power plant approved and then subsequently built.


    no: https://marginalrevolution.com/marginalrevolution/2022/11/the-anti-promethean-backlash.html

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