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06 Nov 2009 08:04 pm
Nuclear Socialism?, Ctd
Yglesias responds to Frum:
Even though carbon pricing ought to make nuclear power profitable on an
operating cost basis, it would be prohibitively expensive to raise the
capital necessary to construct nuclear plants. I think you could
resolve this by having the state step in and do the financing. He
thinks, I guess, that some counterfactual private utility could do it
if it were far larger than any existing utility. But how would you make
these mergers happen? That sounds to me like you need an active state.
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