Alex MacMillan

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The problem is cost inflation. Nuclear plants have seen their costs relentlessly rising for decades, mostly because of increasing caution about safety. And the industry remains insulated almost entirely from the one known human process that reliably pulls down costs: trial and error. Because error could be so cataclysmic in the case of nuclear power, and because trials are so gigantically costly, nuclear power cannot get trial and error restarted. So we are stuck with an immature and inefficient version of the technology, the pressurized-water reactor, and that is gradually being strangled by ...more
How Innovation Works: And Why It Flourishes in Freedom
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