Physical Economic Case Study: Costs of the Failure to Go Nuclear – Part 1
There is no such thing as an infinitely sustainable steady state for an economic process. To exist an economy must continually generate and implement scientific and technological progress. Without this progress an economy will become entropic, drawing down resource supplies and requiring an increasing physical cost to society to produce and provide the capital goods needed by society. Perhaps one of the clearest examples is the failure of the US economy to fully embrace the revolutionary transition to nuclear power. Here is part one of a brief, two-part investigation.