Chalk River nuclear reactor — Keynesian failure
May 28, 2009 · By Charles Anthony
Forget about the radiation leaks for a moment, if you can.
There is hope but this facility stunted technological growth. I offer the Chalk River nuclear facility — a Crown corporation — as an example of the failure of government intervention monopolizing the market place. We do not need an inquiry to figure this out.
The reflexive socialists often attack free market economics by claiming that it will invariably produce monopolies that will raise prices and restrict supply. Currently, that is exactly what government has fostered in the medical market. Blaming Stephen Harper and the Conservatives is short-sighted and displays a profound ignorance of industrial economics.
Here is the proof:
OTTAWA – Clinics are paying two to three times more for medical isotopes after a supplier abruptly hiked its prices this month – just before the Chalk River reactor shut down and caused an isotope shortage.
Doctors fear the higher costs may force some clinics to delay tests used to detect cancer and heart ailments, lay off staff or even close.
Lantheus Medical Imaging, a Massachusetts-based company that supplies clinics with ‘generators’ used in medical imaging, notified its customers last week of the price increase.
So, if you ccan read that correctly, a government monopoly — thus, an un-free market — has led Canadians to face higher prices and generated sudden supply shortages from old technology with the added bonus of radiation leaks!
Scale tip to CanCer. Thanks!