19:00 I like your mention of externalities and your mention before also of many legally "separated" entities that should all be considered one.... I'd call it "loss and liability externalization".... This occurs in chicken farming.... Big companies like Tyaon sell chicks to farmers, the farmers grow the chicks and Tyson buys them back as adults.... But what about the SEWAGE these chickens created? THAT is on the farmers who already are nickled and dimed as low as they can go...... To be a profitable chicken man you must hope to pollute rivers around you or go broke....
@6:00 you are only correct in saying that it is not comparable to the other examples. The tritiated water at Fukushima is actually completely harmless. The guest is correct that it is harmless. Thanks for making that clear.
Nuclear power has proven to be among the safest energy sources. Even when hit with the biggest earthquake and tsunami, few people were severely affected by radiation.
because it costs enormous amounts of money to boil water to make vapor that moves a turbine. to make a "safe" nuclear powered coffee pot costs 50k. if you want it cheap look at Chernobyl which the USSR had a potential 19 more of due to the KGB covering up a defective safety measure in the USSR nuclear power plants
I'd have to disagree with your guest on the inflection point. I think it was the fall of Arthur Anderson. The gov. saw the effect of actually charging the corrupt business with a relatively minor crime (esp as compared to Enron) and the job losses and industry consolidation that occurred and swore "never again". Esp when combined with how slow and hard it was to get those Enron era convictions...we remember them as big successes but they were PR successes more than criminal ones in many ways...they got some pleading and payouts and they saw fulfilled their political needs just as much as the jail terms they were having a harder time. So they just did the easier thing from then on. So 2nd term W vs first term Obama but he certainly picked up the mantle and accelerated it. Crypto has brought a lot of the overseas frauds to the US so we see them more. As for "blame the government" . See Reagan..or at least the Reagan that exists in the minds of his worshipers/followers As for not going after Musk because of his size and connections. This has been true forever. Standard Oil, (hell any of the big Trusts) Mellon's empire he ran from the Treasury) etc. Lots of smaller enforcement agencies were basically powerless to do anything and so they got away with whatever they wanted. When your criminal is so large and powerful it takes a larger and more powerful entity to even challenge them. Basically the Feds. And if the criminals avoid breaking federal law and just step on local or state laws then the feds can't do much. And if they do it risks the dreaded job loss due to jurisdictional arbitration as for the revolving door with corp/gov regulators a wonderful example is Peekabo (Whose job it is to regulate auditors). But a large change for the golden are of fraud is the changes in the media. We get almost all our news from a handful of sources on a societal level. Several distribution channels may carry that source but it will be the same source. Also as media has become centralized we have a greater focus on the great centres of power. Just look at what % of the news bylines are DC or NYC and how that has changed over the last 3 decades. This means that if you can stay out of the national spotlight there are no consequences. Hell the massive corruption in Mississippi and what has been going on with school funds there would almost certainly never made it out of state with some Football Player's involvement (Farve? I'm bad at sportsball names). SO this gives space for people and groups to cross the line without punishment. To slowly ratchet up again and again. And why should the local enforcement agencies do anything about it as they won't get caught for collusion, nor rewarded for stamping it out. So until Applenews has someone going to your local county commissioner, or architectural review board meetings and doing so often enough to see the inconsistencies that show the corruption the golden age will continue.
Yeah I think the AA collapse is a great point in time to look at as well. The GFC didn't just come from nowhere, and the Bush admin carries plenty of blame. I think the failure to act decisively on the fallout was the no turning back point, which is why it's the definitive moment for me. Great points and I don't really disagree on anything you noted
The Fukushima was a little bit different in my opinion, although the drinking it was stupid. That's like not even 1/2 the yearly tritium release into the ocean from Chinese nuclear power plants. So on the grand scheme of things. I am more concerned about preventing China from constantly dumping multiple of those every year. The funniest thing is China is now illegally fishing in those waters after they banned all the imports. Which ironically is far less polluted then the local fishing populations.
luv the episode but one thing id like to add is that yes china southkorea and others took this opportunity to denounce japan but when u look up what their own nuclear facilities are pumping into the sea youll come to find that they are pumping more radiocactive water into the sea without diluting it like with the fukushima wastewater and without complex hydrological studies to find a wayy to get it dispersed as quicklyy as possible when its in the pacific (in an effort to dillute it even more) China and Southkorea are pumping more than twice the amount of radioactive stuff in the ocean on a yearly basis than the total amount of stored cooling water in fukushima would be if they would actullay release it all at once. This whole thematic was just hugely put out of proportion by the media on both sides. I just find it sad that people seem to believe that only a damaged nuclear facility would release that much material into the water when in reality they are all doing it 24/7 all over the world...... the amount in fukushima is neglectable in comparison ...... its just that everybody knows fukushima and chernobyl but nobody cares about all the other plants and how they operate
Fukashima was iodine 131. It has a half life of 8 days. So there is nothing left. So one can dink the water, as it now contains Xenon+ gammas at 600keV . I would not want to drink that. But hey-ho, it won't cause any danger.
how do you think Zyklon B came about? Zyklon was a highly effective pesticide for fruit groves and to kill nasty bugs in dormateries that was considered extremely safe because it had an added smell to warn if accidentally released early and required a closed in space for several minutes to build up to potentially lethal exposure
I've been a detractor of Musk since he took 465 million tax payer dollars from the DoE to bet on electric cars instead of putting the full weight of his own wealth behind it. That the bet worked out and the money was repaid did not change the fact in my mind that he was little more than a billionaire welfare recipient who was unwilling to put his wealth - and thus his access to power - at risk, and instead had the US taxpayer underwrite the risk. That opinion has since become more complicated, as I do believe that the US should have an industrial and technological strategy which includes some extent of subsidizing industries and technologies which it considers critical, but actions by Musk from then till now have done nothing to change my opinion of him. My relationship with SpaceX is equally complicated. I fully believe that the human population has the opportunity to potentially address a lot of its issues with industrialization and planetary pollution by off-earthing industry, and building self sufficient population centers elsewhere in the solar system. In that vein, I want to see the successful development of new technologies which enable that, and SpaceX is easily the most visibly successful organization working towards that end. That said, I feel like we have ended up with the worst possible flag bearers we could imagine in the push to move humans to a multiplanetary space faring industrial species. SpaceX has some fantastic technologies and products. I'm watching this video using Starlink internet in an area where I otherwise would not have any good internet access choices. Falcon 9 is working towards being the most successful launch platform ever made by the species. But the whole thing is in the grips of a megalomanic who fetishizes authoritarians and flouts even the most basic levels of personal accountability and responsibility. This timeline is just crap.
@@toomanyaccounts I mean, they'e just different approaches. SpaceX has focused on market creation by being a prime provider of space access services. Through this, they hope to capture market share via the first mover advantage and government enforced monopolies. Super simplified and lacking nuance, but thats the gist. Blue Origin has focused on market creation via being a prime contractor, as opposed to prime provider, and invests heavily in supporting companies whose services would be needed in a whole space ecoysystem. Through this they hope to generate high level market demand for their contracting, and they hope to capture the market via capital and relationship domination and of course the same usual tricks of enforced monopoly, just with different winners than in the SpaceX case. Again, super simplified and lacking nuance, but thats the gist. People seem to like SpaceX mostly because they've bought the emotional story being sold to them by Musk about exciting new technologies and reviving old dreams, which are a far more powerful narrative than seeking full market capitalization and supply chain maturity. But, SpaceX _is_ doing exciting things. And bad things, but that's every other corporation these days so it has remained fairly easy for people to retain their cognitive dissonance.
19:00 I like your mention of externalities and your mention before also of many legally "separated" entities that should all be considered one.... I'd call it "loss and liability externalization".... This occurs in chicken farming.... Big companies like Tyaon sell chicks to farmers, the farmers grow the chicks and Tyson buys them back as adults.... But what about the SEWAGE these chickens created? THAT is on the farmers who already are nickled and dimed as low as they can go...... To be a profitable chicken man you must hope to pollute rivers around you or go broke....
Really impressed with Eric! Great show!
@6:00 you are only correct in saying that it is not comparable to the other examples. The tritiated water at Fukushima is actually completely harmless. The guest is correct that it is harmless. Thanks for making that clear.
Yup, but that inherent distrust comes from somewhere
Love this “two cars in every garage and three eyes on every fish” ass timeline
Nuclear power has proven to be among the safest energy sources. Even when hit with the biggest earthquake and tsunami, few people were severely affected by radiation.
because it costs enormous amounts of money to boil water to make vapor that moves a turbine. to make a "safe" nuclear powered coffee pot costs 50k. if you want it cheap look at Chernobyl which the USSR had a potential 19 more of due to the KGB covering up a defective safety measure in the USSR nuclear power plants
Fantastic episode. Loved the spread into adjacent topics.
I'd have to disagree with your guest on the inflection point. I think it was the fall of Arthur Anderson. The gov. saw the effect of actually charging the corrupt business with a relatively minor crime (esp as compared to Enron) and the job losses and industry consolidation that occurred and swore "never again". Esp when combined with how slow and hard it was to get those Enron era convictions...we remember them as big successes but they were PR successes more than criminal ones in many ways...they got some pleading and payouts and they saw fulfilled their political needs just as much as the jail terms they were having a harder time. So they just did the easier thing from then on. So 2nd term W vs first term Obama but he certainly picked up the mantle and accelerated it.
Crypto has brought a lot of the overseas frauds to the US so we see them more.
As for "blame the government" . See Reagan..or at least the Reagan that exists in the minds of his worshipers/followers
As for not going after Musk because of his size and connections. This has been true forever. Standard Oil, (hell any of the big Trusts) Mellon's empire he ran from the Treasury) etc. Lots of smaller enforcement agencies were basically powerless to do anything and so they got away with whatever they wanted. When your criminal is so large and powerful it takes a larger and more powerful entity to even challenge them. Basically the Feds. And if the criminals avoid breaking federal law and just step on local or state laws then the feds can't do much. And if they do it risks the dreaded job loss due to jurisdictional arbitration
as for the revolving door with corp/gov regulators a wonderful example is Peekabo (Whose job it is to regulate auditors).
But a large change for the golden are of fraud is the changes in the media. We get almost all our news from a handful of sources on a societal level. Several distribution channels may carry that source but it will be the same source. Also as media has become centralized we have a greater focus on the great centres of power. Just look at what % of the news bylines are DC or NYC and how that has changed over the last 3 decades. This means that if you can stay out of the national spotlight there are no consequences. Hell the massive corruption in Mississippi and what has been going on with school funds there would almost certainly never made it out of state with some Football Player's involvement (Farve? I'm bad at sportsball names). SO this gives space for people and groups to cross the line without punishment. To slowly ratchet up again and again. And why should the local enforcement agencies do anything about it as they won't get caught for collusion, nor rewarded for stamping it out. So until Applenews has someone going to your local county commissioner, or architectural review board meetings and doing so often enough to see the inconsistencies that show the corruption the golden age will continue.
Yeah I think the AA collapse is a great point in time to look at as well. The GFC didn't just come from nowhere, and the Bush admin carries plenty of blame. I think the failure to act decisively on the fallout was the no turning back point, which is why it's the definitive moment for me. Great points and I don't really disagree on anything you noted
The Fukushima was a little bit different in my opinion, although the drinking it was stupid. That's like not even 1/2 the yearly tritium release into the ocean from Chinese nuclear power plants. So on the grand scheme of things. I am more concerned about preventing China from constantly dumping multiple of those every year.
The funniest thing is China is now illegally fishing in those waters after they banned all the imports. Which ironically is far less polluted then the local fishing populations.
luv the episode but one thing id like to add is that yes china southkorea and others took this opportunity to denounce japan but when u look up what their own nuclear facilities are pumping into the sea youll come to find that they are pumping more radiocactive water into the sea without diluting it like with the fukushima wastewater and without complex hydrological studies to find a wayy to get it dispersed as quicklyy as possible when its in the pacific (in an effort to dillute it even more) China and Southkorea are pumping more than twice the amount of radioactive stuff in the ocean on a yearly basis than the total amount of stored cooling water in fukushima would be if they would actullay release it all at once. This whole thematic was just hugely put out of proportion by the media on both sides. I just find it sad that people seem to believe that only a damaged nuclear facility would release that much material into the water when in reality they are all doing it 24/7 all over the world...... the amount in fukushima is neglectable in comparison ...... its just that everybody knows fukushima and chernobyl but nobody cares about all the other plants and how they operate
33:20 What you say here is perfect, Bennet!!!! If that keeps up we will be living in an extremely dystopian world, sooner than later....
Fukashima was iodine 131. It has a half life of 8 days. So there is nothing left. So one can dink the water, as it now contains Xenon+ gammas at 600keV . I would not want to drink that. But hey-ho, it won't cause any danger.
keep it up guys
Really liked the guest, thank you for the episode.
What you fail to bring up is govt is the Supreme criminal of all
23:40 > "This isn't a Musk issue, this is a regulator issue". BINGO
Aviators n Cowboys hats boys wooooooooo!
The coolest 15 year old. Ever.
The fact that we live in a world where $PM has a higher ESG rating than $TSLA makes my blood boil!
This guy is soooo fired.
Flexibility in interpreting the rules? In a pesticide plant? Please say I didn't hear that.
how do you think Zyklon B came about? Zyklon was a highly effective pesticide for fruit groves and to kill nasty bugs in dormateries that was considered extremely safe because it had an added smell to warn if accidentally released early and required a closed in space for several minutes to build up to potentially lethal exposure
It’s neoliberal economics. Damn Friedman
I've been a detractor of Musk since he took 465 million tax payer dollars from the DoE to bet on electric cars instead of putting the full weight of his own wealth behind it. That the bet worked out and the money was repaid did not change the fact in my mind that he was little more than a billionaire welfare recipient who was unwilling to put his wealth - and thus his access to power - at risk, and instead had the US taxpayer underwrite the risk. That opinion has since become more complicated, as I do believe that the US should have an industrial and technological strategy which includes some extent of subsidizing industries and technologies which it considers critical, but actions by Musk from then till now have done nothing to change my opinion of him.
My relationship with SpaceX is equally complicated. I fully believe that the human population has the opportunity to potentially address a lot of its issues with industrialization and planetary pollution by off-earthing industry, and building self sufficient population centers elsewhere in the solar system. In that vein, I want to see the successful development of new technologies which enable that, and SpaceX is easily the most visibly successful organization working towards that end. That said, I feel like we have ended up with the worst possible flag bearers we could imagine in the push to move humans to a multiplanetary space faring industrial species. SpaceX has some fantastic technologies and products. I'm watching this video using Starlink internet in an area where I otherwise would not have any good internet access choices. Falcon 9 is working towards being the most successful launch platform ever made by the species. But the whole thing is in the grips of a megalomanic who fetishizes authoritarians and flouts even the most basic levels of personal accountability and responsibility.
This timeline is just crap.
Bezos does what the muskrats think Musk is doing with rocket development
@@toomanyaccounts I mean, they'e just different approaches.
SpaceX has focused on market creation by being a prime provider of space access services. Through this, they hope to capture market share via the first mover advantage and government enforced monopolies. Super simplified and lacking nuance, but thats the gist.
Blue Origin has focused on market creation via being a prime contractor, as opposed to prime provider, and invests heavily in supporting companies whose services would be needed in a whole space ecoysystem. Through this they hope to generate high level market demand for their contracting, and they hope to capture the market via capital and relationship domination and of course the same usual tricks of enforced monopoly, just with different winners than in the SpaceX case. Again, super simplified and lacking nuance, but thats the gist.
People seem to like SpaceX mostly because they've bought the emotional story being sold to them by Musk about exciting new technologies and reviving old dreams, which are a far more powerful narrative than seeking full market capitalization and supply chain maturity. But, SpaceX _is_ doing exciting things. And bad things, but that's every other corporation these days so it has remained fairly easy for people to retain their cognitive dissonance.
Elon Buuuust
Thunderf00t has some great hilarious stuff on Musk.
👍🏻🤙🏻
"make sure it doesn't explode anymore" ??? The nuclear reactor at Fukushima never exploded. I quit at 6:00
None of your heroes are perfect. Musk = Benjamin Franklin + Thomas Edison + Henry Ford
Lol no
I've always felt most people just hate musk cause he's rich, but on this I completely agree. Great show 💯
no his daddy runs a blood emerald mine in SA and elon banned him on X so much for free speech....
We hate him for his ignorance and arrogance and ineptitude
@@sunnohh yah, he's utterly obnoxious & nobody I want to know or hear from.
He owes us all Apology Horses.
@@stay.in.school.where in SA is this emerald mine exactly?