Nuclear powerplant in Belgium by Frédéric Paulussen, licensed under Unsplash License
Authored by: Bryan Caplan
Compiled by: Mohammad Anas Khan
This was originally published on Econlib.org
Nuclear power? Immigration? When was the last time you thought your paranoia about both is unwarranted or perhaps needs some dilution? You do not need to be as paranoid about these things as you are for your college attendance! The following is a short article on Econlib that seems like a must-read!
Nuclear power has the ability to provide cheap, renewable, safe, clean energy for all mankind. But only 11% of global electricity comes from nuclear power. Why is something so great so rare? Because the government strangles nuclear power with regulation. Why do governments strangle it? Because nuclear power is unpopular. Why is it so unpopular?
First, innumeracy. The gains of nuclear power vastly outweigh all the complaints put together, but the complaints are emotionally gripping. Deaths from radiation are horrifying; vastly higher fatalities from coal are not. Even nuclear accidents that kill zero people get worldwide media attention, fueling draconian populist regulation.
Second, spookiness. Scientifically illiterate people can imagine the endless far-fetched dangers of nuclear power. And at risk of sounding elitist, almost everyone is scientifically illiterate.
[[Brief pause]]
Immigration has the ability to double the wealth produced by all mankind. But only 3% of people on Earth are migrants. Why is something so great so rare?
Because the government strangles immigration with regulation. Why do governments strangle it? Because immigration is unpopular. Why is it so unpopular?
First, innumeracy. The gains of immigration vastly outweigh all the complaints put together, but the complaints are emotionally gripping. Deaths from immigrant crime are horrifying; vastly higher fatalities from native crime are not. Even immigrant outrages that kill zero people get worldwide media attention, fueling draconian populist regulation.
Second, spookiness. Economically illiterate people can imagine the endless far-fetched dangers of immigration. And at risk of sounding elitist, almost everyone is economically illiterate.”
