What the atomic energy lobby calls The Nuclear Renaissance is advance warning of uncontrolled and runaway financial and economic disaster.
This adds on to vastly growing risks of industrial disaster like we have witnessed this month in Japan, nuclear weapons proliferation, and reactors turned into and used as massive Dirty Bombs while their wastes are recycled as Depleted Uranium ordnance.
The so-called ‘Nuclear Renaissance’ could or might see as many as 225 new large-size reactors built in as many as 45 countries, through 2010-2020. World uranium demand – already at least 20 percent more than uranium mine supply – could almost double in the same period.
Presently almost unknown to the public and ignored by the media, national security and even the concept and present reality of nation states is under threat. Nuclear accidents, nuclear weapons production, and financial disaster triggered by the nuclear subprime asset bubble now under way are direct challenges to the existence of nation states. Nuclear power has ever less credibility as its costs spiral upward, pumping ever growing amounts of taxpayers’ money to feed the beast in every country treading the nuclear path, as is shown by any rational analysis of the nuclear industry’s energy and economic facts. But the real strategic role of civil nuclear power, despite it being able to yield nuclear weapons in “a few screwdriver turns”, is now economic and financial.