Yeah, I used to have a lot more faith in companies being responsible, but no longer. Instead what we've been seeing is that companies cannot be trusted with vital infrastructure. Every single time they manage to integrate, they all turn into worse versions of Mr. Burns. Our economic system is setup to reward corner cutting and a race to the bottom. If an nuclear plant ends up melting down, our publicly funded nuclear insurance steps in to clean up the mess and the LLC goes bankrupt. Meanwhile, everyone that invested walks away with all the wealth they've siphoned, which they siphoned more of by cutting corners.

And what's nuts is they can walk away with those profits, buy another nuclear company, and repeat the same process until the same inevitable outcome happens.

We need reform. At a minimum we need make it impossible to have things like LLCs in charge of companies where failure result in huge negative externalities. The owners need to be at risk at going bankrupt. Without that risk, they'll just keep destroying everything so long as it makes an extra buck.

If we look at mining companies, we kind of know that society will carry most of the risk and negative externalities, so regulations must exist to limit how and to what degree companies can operate.

If a mining company extract lead and silver from the ground, we kind of know that they won't be around to safeguard waste for all eternity, nor will they be able to restore the environment when the company eventually goes bankrupt. If society want to allow such commercial operations then it need to also strike a balance so that society don't have to bear too much of the negative externalities.

In Sweden, the goverment here owns the energy company that operate the nuclear power plants and the mining company.

> In Sweden, the goverment here owns the energy company that operate the nuclear power plants.

That is not correct. Vattenfall has nothing to do with Oskarshamn, and had nothing to do with Barsebäck.

Forsmark

- Vattenfall: 66.0 %

- Mellansvensk Kraftgrupp (essentially Fortum): 25.5 %

- Sydkraft Nuclear Power (Uniper): 8.5 %

Ringhals

- Vattenfall: 70.44 %

- Sydkraft Nuclear Power (Uniper): 29.56 %

Oskarshamn

- Uniper (through Sydkraft): 54.5 %

- Fortum: 45.5 %

Barsebäck

- Sydkraft Nuclear Power (Uniper): 100 %

> Yeah, I used to have a lot more faith in companies being responsible, but no longer. Instead what we've been seeing is that companies cannot be trusted with vital infrastructure.

I am in the same boat. Companies will optimize for profit and rent-seeking, all else be damned. A nuclear meltdown would be a negative externality, if line goes up it would have been worth.

> We need reform

Any reform needs to account for corporations being machines optimized to generate profit. Regulations should ensure "negative externality" is not really externalized.

Corporations only understand profits, and investors should be understood as entities willing to leech from society. The only way to heandle corporations is by having failures threatening the money that investors can leech through this pipeline.