The Socialist Program with Brian Becker
Capitalist Speculators Drive the Dangerous Math Behind Nuclear Energy
Jun 19, 2024
Professor Richard Wolff discusses the surge in uranium prices driving demand for nuclear energy and its health risks. The chapter explores economic impacts, shifting subsidies to renewable energy, balancing energy needs, and citizen campaigns for change.
32:18
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Quick takeaways
- Uranium prices surged due to capitalist speculation, overshadowing safety concerns in nuclear energy production.
- Developing countries balance nuclear energy development with renewable alternatives to achieve sustainable and equitable energy solutions.
Deep dives
The Rising Demand for Uranium and Energy Market Impact
The demand for uranium, a key component in nuclear energy production, has surged by 233% over the past five years despite the inherent dangers associated with nuclear power. Factors like geopolitical tensions, such as US and NATO actions towards Russia, have influenced the rise in uranium prices. Although some European countries are reconsidering nuclear energy due to cost implications, the peak of the price surge seems to have passed, indicating oversaturation in the market driven by speculation.
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