The Spirit of the Little Red Schoolhouse
The good news is: The spirit of the “little red schoolhouse” is back! You don't need “crony capitalism” to split atoms.
The fundamental problem of the nuclear power industry is not reactor safety, not waste disposal, not the dangers of nuclear proliferation, real though all these problems are. The fundamental problem of the industry is that nobody any longer has any fun building reactors. It is inconceivable under present conditions that a group of enthusiasts could assemble in a schoolhouse and design, build, test, license and sell a reactor within three years. Sometime between 1960 and 1970, the fun went out of the business.
The adventurers, the experimenters, the inventors, were driven out, and the accountants and managers took control. Not only in the private industry but also in the government laboratories, at Los Alamos, Livermore, Oak Ridge and Argonne, the groups of bright young people who used to build and invent and experiment with a great variety of reactors were disbanded. The accountants and managers decided that it was not cost effective to let bright people play with weird reactors. So the weird reactors disappeared and with them the chance of any radical improvement beyond our existing systems.
We are left with a very small number of reactor types in operation, each of them frozen into a huge bureaucratic organization that makes any substantial change impossible, each of them in various ways technically unsatisfactory, each of them less safe than many possible alternative designs which have been discarded. Nobody builds reactors for fun anymore. The spirit of the little red schoolhouse is dead. That, in my opinion, is what went wrong with nuclear power.