Value Collector
Have courage, and be kind.
- Joined
- 13 January 2014
- Posts
- 12,237
- Reactions
- 8,484
I wouldn't describe it as owning shares in the government, share holders (and the debt holders) would be being paid a return for the capital they contribute, but where you are correct is that a nuclear power plant would have alot of government control, and the government would be taking some risk, because there is no insurance company in the world that could provide full comprehensive insurance to a nuclear power plant, so the tail risk would need to be underwritten by the government, who would probably want something out of the deal.What I mean is that if you invest in nuclear then your profits are ultimately coming from taxpayers or the printing press, that is government, and the key decisions about what happens are also being made by government not the company.
It's not literally owning shares in government but it's about as close as you can get.
The reason I see it as socialism is simply that it's intentional wealth redistribution.Buying government bonds is certainly a form of "investing in the Government", but it is certainly not socialism. It might fund social schemes such as hospitals, but its not socialism, and neither would a nuclear power plant, at least not any more than a Toll road owner is socialism, in fact its kind of the opposite of socialism.
Nah, the power plant is just a more expensive electric vehicle.Cost of the plant is expected to come in at about £22 billion so just over $40 billion AUD.
Getting a fair way away from EV's directly however....
It's still 100% capitalism, even though it is not totally "free market", capitalism doesn't have to be a free market in all situations, it a bit like a five cent piece is a coin, but not all coins are 5 cent pieces.The reason I see it as socialism is simply that it's intentional wealth redistribution.
Taking the UK's Hinkley Point C (under construction) as an example:
Plant revenue per unit of production once complete is as agreed with government and indexed to inflation.
Debt acquired by the company to finance the project is guaranteed by government.
Insurance is provided by government at taxpayers' expense over and above the plant's agreed revenue per unit of output.
There is no intention that the operation will be profitable, a point known and accepted prior to commencement.
The major risk carried by investors is that of government defaulting on the deal either outright or by some backdoor method.
I'll accept technically perhaps that isn't socialism but it sure isn't something free market capitalism would do without the taxpayer funds being available.
Cost of the plant is expected to come in at about £22 billion so just over $40 billion AUD.
Getting a fair way away from EV's directly however....
I saw thaf oneand thought..should i share it?Obviously this guy couldnt wait for batteries to get cheaper. Lol
When a bloke set fire to a Jeep because he was pizzed off, it was all over the news, I guess a different set of journalistic rules get applied when it is a Tesla. LolI saw thaf oneand thought..should i share it?
Then had a bit of pity for the innovators.i do actually like EVs...
Actually, what the guy did was getting paid for blowing it up, otherwise the most money earning option vs buying a new set of batteries or trading his anchor vs a soon to be anchorWhen a bloke set fire to a Jeep because he was pizzed off, it was all over the news, I guess a different set of journalistic rules get applied when it is a Tesla. Lol
Pure $analysis.i doubt he or anyone else will be able to do it again...Actually, what the guy did was getting paid for blowing it up, otherwise the most money earning option vs buying a new set of batteries or trading his anchor vs a soon to be anchor
Listen only if you don't mind being ripped a new @55h0le
Well, I have a few challenges with some of his messages too.Sorry, but I can't watch this guy. His attempt of extreme Aussie ockerism grates me to the core. His humorous whinging is overshadowed by his anger at his former employers. His videos are always twice as long as they should be, and his occasional attempts at click bait using woman is amateurish.
Show me someone with less of a chip on their shoulder, please.
I agree, he is super hard to watch, and the times I have pushed through his BS intros to try and find out what he is actually saying I found all his arguments either have rather simple rebuttals or are just nonsense straw man arguments that we have talked about on this thread a million times.Sorry, but I can't watch this guy. His attempt of extreme Aussie ockerism grates me to the core. His humorous whinging is overshadowed by his anger at his former employers. His videos are always twice as long as they should be, and his occasional attempts at click bait using woman is amateurish.
Show me someone with less of a chip on their shoulder, please.
This video addresses his claims, and has links to the actual scientific studies in the description.So, dude, if you have an objective argument with what he is saying, please present it.
Well, I have a few challenges with some of his messages too.
However I think his arguments are mostly objective... mostly.
In my opinion one must look past ones challenges with the delivery, and look at the objective information.
I for one, find the delivery amusing... Mostly because not being an ocker, the piss taking is right on the ******* mark.
Occasionally I can even see myself in there and have a good laugh.
So, dude, if you have an objective argument with what he is saying, please present it.
Some great points in a country by country analysis. But I think the pertinent point as far as the video is concerned, is in relation to Australia.This video addresses his claims, and has links to the actual scientific studies in the description.
Noted, though my request for objective argument, objective argument is completely absent.Well I don't know how anyone can claim to be or not to be an Ocker. It is usually a term given to you, not claimed.
I happen to know quite a few through my business and my travels, none are so grating as one that tries too hard.
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