this post was submitted on 01 Jun 2024
394 points (97.6% liked)
Technology
59653 readers
2807 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The problem is that "both" isn't a valid option unless a country has unlimited finances.
Otherwise you have to decide on what's the most feasible option and then renewables win big time
I sometimes feel as if the current push for atomic is from the fossil-lobby as they are aware that it either works and they get 10-20 more years to sell oil until the reactors are built - and even if it doesn't work out it still will slow down rollout of renewables
If you have 100 billion to spend on energy producing you have to choose if you want to go all-in with one source or split it up which would move the end of fossil fuels Back further
Not to mention having to buy the radioactive materials from dictatorships and having problems to cool down the reactors with rising temperatures and rivers running dry
I just don't see how atomic isn't a huge gamble that can backfire hard (and I'm not even talking about catastrophic events like Fukushima)
Most countries have unlimited finances. They only have limited real resources like labor, concrete, copper, glass, etc. The fact that we still don't understand this and behave as if the metadata of the economy accurately describes reality puts artificial brakes on the solutions of many problems, climate being one of them.
The problem is that if a country treats money as unlimited and without a cost then inflation will mirror that and people in that country will lose their savings, their job will not pay for their bills anymore and so on
It's not as simple as "just spend more"...
Inflation is a symptom of the lack of some real resource. There are many parts of the economies of many countries where there's unused production capacity which simply "turns more natural resources into more stuff" if more money enters that part of the economy, without producing inflation. It's not "just spend more", it's "spend as much as you can on things that you want done, which aren't limited by real resources."
I found Randall Wray's lectures on the topic to be eye-opening. If what I wrote sounds strange, and it might, I highly recommend watching some of them. There are a few recordings on YouTube.