Subsidized capital mostly. When you go to a private bank and want to borrow billions of money the bank will ask you "what for?" You tell it "nuclear, might generate profit in 25 years" and it will quote you an interest rate. The rate will be insanely high due to the risk. So you borrow the money from the government at a much lower interest rate.
alt Hacker News
Subsidized capital mostly. When you go to a private bank and want to borrow billions of money the bank will ask you "what for?" You tell it "nuclear, might generate profit in 25 years" and it will quote you an interest rate. The rate will be insanely high due to the risk. So you borrow the money from the government at a much lower interest rate.