Hedge Fund CIO: “Nuclear Is The Only Practical, Scalable Solution”

By Marcel Kasumovich, Head of Research for One River Asset Management

Anecdote:

“Art is the shortest path from man to man.” It is a phrase etched into the museum glass, and these phrases are spilling into the Arabian Gulf. I’m mendacity on a black beanbag within the courtyard of the Louvre, Abu Dhabi version.

Cultural Centers are an invite for dialogue. And the UAE is constructing a magical one, a symbolic understanding that their future isn’t in fossils.

The irony is in all places. Innovation defines chilly wars. And innovation facilities on vitality. But the race to “net-zero” emission brings into focus essentially the most environment friendly vitality manufacturing within the lengthy, long run. Nuclear. It is the one sensible, scalable resolution.

Demands of recent applied sciences give new that means to the race. The concern and greed round applied sciences like synthetic intelligence are an excellent leap. Even the Hollywood bubble fears disruption with likeness of stars trivially replicated, nearly costless.

Only, it isn’t costless. AI consumes inordinate quantities of vitality. And that wants an enormous quantity of funding. Low inflation was deemed the best path to environment friendly funding – one of the best ways to assist innovation.

It failed. Overvalued belongings are within the palms of the few and overwhelming debt within the arms of the numerous.

Innovation wants monetary sources – a clear stability sheet. And regardless of wildly completely different financial philosophies, the US and China are generally burdened by liabilities constructed from smoothing previous shocks.

Both are additionally racing to construct our solar on earth – nuclear fusion, perpetual vitality.

China leads on patents, the US on commercialization. Who controls infinite vitality takes an impenetrable benefit.

Resolving debt challenges is the place philosophy will shine brightest – liberalism and the invisible hand guiding to security, not censorship. Fate has an excellent sense of irony.