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Emer O'Siochru's avatar

I took to the streets with my child in a buggy to stop nuclear power plants in Ireland. That was right then, but not now. We know more about building nuclear power plants that are useless for producing bombs and whose radiation is low and containable. Sweden is pursuing research in affordable modular thorium reactors with very little fanfare. Let’s hope they and others, working in the scientific backwaters, succeed. Wind and solar, even with fancy batteries, are not up to the crisis.

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Dan's avatar

Great piece, Doomberg. However, all is not lost. The themes you write about point to harder times for most of humanity in the years ahead, and I agree. With harder times, I suspect the pet cultish beliefs that spread like viruses on social media, will in time be viewed by most of the public as "luxury beliefs." People won't want to hear about this stuff from scientifically illiterate or supply-chain-illiterate politicians. The bright side of harder times is what they have done throughout history to renew decadent cultures by humbling them. It may take years to see, but my hypothesis is that big tech has peaked, and Davos's influence has peaked. For instance, consider how much panic has spread in Silicon Valley now that the bubble in share-based compensation is hissing. Tech in the future will be less siloed, more diversified geographically. Like the man behind the curtain is the Wizard of Oz, these power structures have more bark than bite. Pull back the curtain and they're not so scary after all. Advertising on GOOG and FB is a cyclical business. They'll either respond to the market, or won't survive. Network effects can be nasty in reverse.

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