[jillesvangurp]

Nuclear has actually been a really hard sell for the last few decades, which is why there are so few new plants coming online.

Politicians are opportunistic and short term focused. So they'll back anything that makes them look good and important during the next election cycle. Nuclear projects take too long to complete for them to be interesting. There are some brownie points of course for approving one but it's not the same as the instant gratification you get with renewables where they might see operational solar, wind, batteries, whatever within a single term. Anyway, politicians and the people voting for them are the main target of nuclear lobbying to unlock subsidies, grants, permits, etc.

Those are needed to lure in investors. Investors are more skeptical of course. And these are very risky projects. Time delays and budget overruns are common. By triple digit percentages typically. And the ROI is uncertain too. So, raising money for new nuclear is not that easy. Government support somewhat mitigates the risks but not completely. Which is why there's a lot of talk about nuclear but not a whole lot new capacity coming online for the foreseeable future.

[readyman]

Exactly right. Financialized capitalism is essentially incapable of building big things or taking care of the big things that were built in the past.