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by asddubs 779 days ago
I know you're making a point but of course realistically, nuclear businesses would just try to structure themselves in such a way that in the event of a fallout the company can just go bankrupt without disrupting those benefitting from it majorly
1 comments

What you describe is deliberate undercapitalization at the time of incorporation - this would lead to courts being able to pierce the corporate veil and hold directors personally liable for cleanup costs.

This wouldn't mean that the state would get the money back in such an eventuality, but it would mean director => prison.

What kind of person do you think you're going to get to run your nuclear plant if they know that there's a risk of prison if everything goes wrong? Either a very stupid one, a very, very risk averse one or no director at all.

This chain of thought combined with the state's strong desire to see a nuclear industry with a healthy supply chain in order to support the nuclear military is why the indemnity act exists at all. They know that nuclear power requires lavish subsidies like taxpayer backed insurance to even exist.