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by justonepost 4002 days ago
The problem with anything nuclear is insurance. The only way reactors got insured was because Uncle Sam underwrote them.
1 comments

Indeed. What insurer could have covered the estimated 137 billion dollar hit [1] from the Fukushima disaster? The Japanese government has had to step in, to the very real financial detriment of its people and their nation.

[1] http://www.bloomberg.com/news/articles/2012-11-07/fukushima-...

Well, it's cheaper than Greece.

(Nuclear reactors have the same "too big to fail" problem as the banking system: the expected value is positive, but the worst-case is a huge open ended liability and toxic asset)

Also, Chernobyl was one of the reasons Soviet Union collapsed.