Forwarded message:
Date: Thu, 1 Oct 1998 10:46:05 -0700 From: Tim May <tcmay@got.net> Subject: Re: I thought of an initialy regulated industry!...
My original quote:
I'd like to hear from any free market mavens who might want to use the nuclear industry as an example of how things could be so much better with no regulation regarding construction, operation, or waste disposal.
Partial quote of Tim:
"Regulation" of the nuclear power industry had the predicted effect of overly conservative designs being standardized. Specifically, the Westinghouse boiling water designs, basically frozen in 1955 and little changed since then.
Ordinary evolutionary improvement, plus revolutionary improvement, has not been possible. (Some examples would include inherently fail-safe designs like the Canadian CANDU reactor, and various improvements the French have made in the original Westinghouse design.)
Ok. I agree that over-regulation is bad. CCCP, China, Cuba, etc. are clear examples of how over-regulation is a failure. However, my question was to defend the free-market position that *no* regulation provides an improved environment for (in this case) reactor design. Apples and oranges... ____________________________________________________________________ The seeker is a finder. Ancient Persian Proverb The Armadillo Group ,::////;::-. James Choate Austin, Tx /:'///// ``::>/|/ ravage@ssz.com www.ssz.com .', |||| `/( e\ 512-451-7087 -====~~mm-'`-```-mm --'- --------------------------------------------------------------------