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The Socialist Program with Brian Becker

Capitalist Speculators Drive the Dangerous Math Behind Nuclear Energy

The Socialist Program with Brian Becker

The Socialist Program

Politics, News

4.7587 Ratings

🗓️ 19 June 2024

⏱️ 32 minutes

🧾️ Download transcript

Summary

On today's episode Nicole Roussell and Prof. Richard Wolff discuss speculators driving the surge in uranium prices and the demand for nuclear energy despite its huge risks for people’s health.

Professor Richard Wolff is an author & co-founder of the organization Democracy at Work. You can find his work at rdwolff.com.

Please make an urgently-needed contribution to The Socialist Program by joining our Patreon community at patreon.com/thesocialistprogram. We rely on the generous support of our listeners to keep bringing you consistent, high-quality shows. All Patreon donors of $5 a month or more are invited to join the monthly Q&A seminar with Brian.

Transcript

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0:00.0

Despite the dangers of using radioactive nuclear energy, demand has been increasing for the fuel for nuclear energy, uranium,

0:09.0

and the price is up a whopping 233 percent over the last five years.

0:14.0

We need a new system. We need a new society.

0:18.0

We need to demand that which may have sounded impossible even a few weeks ago,

0:22.8

but is not only realizable, but an imperative necessity. We are very excited to have Professor Richard Wolf join us for our regular weekly segment where we discuss the biggest stories relating to the economy, the state of the working class,

0:57.5

and the crimes of big business. I'm Nicole Roussel and I'm sitting in today for Brian Becker.

1:02.6

The Socialist Program brings you content several days a week thanks to the support of our patrons

1:06.6

at patreon.com slash the Socialist Program. We appreciate all of your support and encourage you to become a patron today if you enjoy listening

1:14.3

to the show.

1:15.5

We have a special patron-only seminar where you can ask Brian any questions.

1:20.4

Please go to our Patreon and join and register for the seminar later today.

1:25.5

Richard Wolfe is the co-founder of the organization Democracy at Work and the author of many

1:29.5

books, the latest being the sickness is the system when capitalism fails to save us from

1:33.6

pandemics or itself.

1:35.4

You can check out all his work at R-D-W-O-L-F dot com.

1:41.1

So, Richard, the price of uranium, as I said in the introduction, this deadly mineral that powers

1:46.1

nuclear energy, the price is up 233 percent over the last five years.

1:51.3

And one big factor that's being cited as driving this is the U.S. and NATO crossing Russia's

1:57.2

red lines, Russia then invading Ukraine, and then the U.S. insisting that Europe use energy

2:01.8

from anywhere but Russia. Without that option, now some European countries are reconsidering nuclear

2:07.8

energy. And in addition to the huge danger that nuclear energy imposes, countries that are turning

2:13.3

to nuclear energy will now be paying this huge financial price as well. So let's just talk first in terms of

...

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