NUCLEAR ENERGY
FACING
FINANCIAL CRISES
Professor Dr. André MAÏSSEU
WORLD COUNCIL OF
NUCLEAR PROFESSIONALS & WORKERS
Rio de Janeiro, September 2009
NUCLEAR ENERGY FACING FINANCIAL CRISES
"DEREGULATION, CRASH, RECESSION,
BAILOUT…”
SOUND FAMILIAR? PROBABLY.
SOUND MODERN? IT SHOULDN’T.
EVERYONE KNOWS ABOUT THE GREAT
DEPRESSION, BUT MANY FORGOT THE
CRISES OF 1717, 1819, 1837, 1857, 1873,
1893, 1907, 1929, etc…
… WERE ALL
SURPRINSINGLY SIMILAR.
NUCLEAR ENERGY FACING FINANCIAL CRISES
LAW SYSTEM CRASH – 1717 : First
creation of “paper currency”
 PANIC OF 1837 : End of payment in gold and
silver coinage
 CRISIS OF THE GILDED AGE-1873
 PANIC OF 1893
 KNICKERBOCKER TRUST PANIC-1907
 CRASH OF 1929
 2001-2002 INTERNET BUBLE CRASH
 MORTGAGE CRISIS - 2007/2008
 JOHN
NUCLEAR ENERGY FACING FINANCIAL CRISES
ALWAYS A BREAK OCCURS IN THE
SIGNIFICANCE OF THE WORD
“CURRENCY”
AND ITS CREATION PROCESS
DOES IT MEAN SHELLS, GOLD, SILVER ?
PAPER MONEY ? PLASTIC MONEY
(CREDIT CARD) ?
WHO DOES CREATE MONEY ?
STATE, BANK, WALL STREET, TRADERS
…
NUCLEAR ENERGY FACING FINANCIAL CRISES
FROM TIME TO TIME IN HUMAN
HISTORY THERE OCCUR
EVENTS OF A TRULY SEISMIC
SIGNIFICANCE, EVENTS THAT MARK
A TURNING POINT BETWEEN ONE
EPOCH AND THE NEXT,
WHEN ONE ORTHODOXY IS
OVERTHROWN AND ANOTHER
TAKES ITS PLACE.
NUCLEAR ENERGY FACING FINANCIAL CRISES
SUCH FINANCIAL / ECONOMIC
CRISES OCCUR SO
PERIODICALLY
IT SEAMS TO BE LINKED
TO THE ECONOMIC GROWTH.
NUCLEAR ENERGY FACING FINANCIAL CRISES
IN THE 20th CENTURY, EACH TIME A
CRISIS AROSE, THE US FEDERAL
RESERVE CAME TO THE RESCUE BY
SIGNIFICANTLY LOWERING THE
FEDERAL FUNDS, IN ORDER TO
PUMP LIQUIDITY BACK INTO THE
MARKET AND AVERT ANY FURTHER
DETERIORATION.
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE RESPONSE WAS ALWAYS THE
SAME : AFTER THE 1987 STOCKMARKET CRASH, THE GULF WAR,
THE 1994 MEXICAN CRISIS,
THE 1997-98 ASIAN FINANCIAL
CRISIS, THE 1998 LTCM DEBACLE,
THE 2000-01 INTERNET BUBLE
CRASH,
… THE 2007-2008 MORTGAGE CRISIS.
NUCLEAR ENERGY FACING FINANCIAL CRISES
HENRY WAXMAN, CHAIRMAN OF THE
CONGRESSIONAL COMMITTEE ON
OVERSIGHT AND GOVERNMENT
REFORM,
QUESTIONED ALAN GREENSPAN, :
“IN OTHER WORDS, YOU FOUND THAT
YOUR NEO-LIBEARL VIEW OF THE WORLD,
YOUR IDEOLOGY, WAS NOT RIGHT; IT WAS
NOT WORKING?“
NUCLEAR ENERGY FACING FINANCIAL CRISES
GREENSPAN,
THE LONG-SERVING CHAIRMAN
OF THE US FEDERAL RESERVE
REPLIED:
"ABSOLUTELY, PRECISELY."
NUCLEAR ENERGY FACING FINANCIAL CRISES
NONE ECONOMIC THEORY,
MARXIST THEORIES,
POST-KEYNESIAN THEORIES,
COORDINATION GAMES,
HERDING AND LEARNING
MODELS, NEO-LIBERALISM, etc,
SEEMS NOT ABLE TO EXPLAIN
ECONOMIC / FINANCIAL CRISIS.
NUCLEAR ENERGY FACING FINANCIAL CRISES
MANY ECONOMISTS HAVE COME UP
WITH THEORIES ON HOW A
FINANCIAL CRISIS DEVELOPS AND
HOW IT COULD BE PREVENTED.
THERE IS, HOWEVER,
NO CONSENSUS.
AND FINANCIAL CRISIS ARE STILL A
REGULAR PHENOMENON
NUCLEAR ENERGY FACING FINANCIAL CRISES
IF NONE ECONOMIC THEORY SEEMS
ABLE TO EXPLAIN ECONOMIC /
FINANCIAL CRISIS, THAT DOES NOT
MEAN THESE ECONOMIC THEORIES
ARE ERRONEOUS.
THEY ARE INCOMPLETE.
SOMETHING IS MISSING IN THEIR
COMMON BASES
NUCLEAR ENERGY FACING FINANCIAL CRISES
NEO-MALTHUSIAN (THE ECOLOGIST
VIEW) ANALYSE, AS
CONVENTIONAL ECONOMIC
ANALYSES, WHETHER
INTEGRATIONIST OR
REDUCTIONIST, WHETHER
INSPIRED BY KEYNESIAN, NEOCLASSIC OR MARXIST THEORIES,
WHATEVER DIFFERENCIES ARE
BASED ON THE SAME DOGMAS
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE REVERSIBILITY OF
ECONOMIC PROCESSES
 LABOUR AS A PRODUCTION
FACTOR
 THE EXISTENCE OF A
CONSERVATIVE, CLOSED ECONOMIC
SYSTEM, WHOSE LIMITED
RESSOURCES ARE REGULATED BY
DETERMINISTIC PROCESSES
NUCLEAR ENERGY FACING FINANCIAL CRISES
 TIME AS A MEASURE OF
TECHNICAL PROGRESS;
 THE ADDITIVELY OF THE
PRODUCTION FUNCTION;
 THE MYTHICAL EXISTENCE OF
THE GENERAL EQUILIBRIUM;
etc...
NUCLEAR ENERGY FACING FINANCIAL CRISES
ARE THE ECONOMIC SYSTEM MOVES
BY REVERSIBILITY ?
IS Y(-t) = -Y(t) ?
NO !
ECONOMIC SYSTEM HAS TO
FOLLOW PRIGOGINE
NON-REVERSIBLE
THERMODYNAMICS
NUCLEAR ENERGY FACING FINANCIAL CRISES
LABOR IS DUAL :
OPUS & LABOR
or
 &  :
ENERGY AND KNOWLEDGE
Y = f(K(t), M(t), U(t), E(t))
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE CONVENTIONAL FUNCTION OF
PRODUCTION
Y = f(K, L)
DESCRIBES A
CLOSED SYSTEM OF LIMITED RESOURCES
RUNS BY REVERSIBLE PROCESSES BASED ON
THE USE OF AN HAMILTONIAN MOVING
“NATURALLY” TO EQUILIBRIUM;
SOME PARTIAL LOCAL INSTABILITITES
COULD BE EXPLAINED
BY NON-LINEAR MATHEMATICALS
FUNCTIONS
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE NEW FUNCTION OF PRODUCTION
Y = f(K, M, U, E)
GESTALTECONOMY
NUCLEAR ENERGY FACING FINANCIAL CRISES
NUCLEAR ENERGY FACING FINANCIAL CRISES
KNOWLEDGE AND
ENERGY FLOWS
ARE CENTRIFUGAL FORCES.
THEY ARE THE MAIN MOTORS OF
ECONOMIC GROWTH AND
DEVELOPMENT
THEY CREATE WEALTH
REAL ECONOMY
NUCLEAR ENERGY FACING FINANCIAL CRISES
CAPITAL IS A CENTRIPETAL
FORCE WHICH CAN DESTROY
THE SYSTEM.
IT HELP THE ECONOMIC ENGINE
RUNNING.
IT DOES NOT CREATE WEALH
VIRTUAL ECONOMY
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE ADDED VALUE OF THE
KNOWLEDGE EMBODIES
IN THE INCREASE OF
(ENERGY+MATTER) FLOW
MUST BE EQUAL
TO THE VALUE
ADDED IN THE CURRENCY FLOW
NUCLEAR ENERGY FACING FINANCIAL CRISES
CRISIS - BLOCKADE OR
OVERFLOW - OCCURS WHEN
VIRTUAL ECONOMY ECLIPSE
REAL ECONOMY
NUCLEAR ENERGY FACING FINANCIAL CRISES
ITS HAPPENS ALSO WHEN
DISFUNCTIONING OCCURS,
DUE TO MAJOR INNOVATIONS
WHICH TACKLE THE
METATECHNOLOGIES SUPPORTING
THE PRODUCTION FACTORS
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE 2008-2009 MORTGAGE CRISIS
OCCURS AT THE TIME OF A
SOCIETAL PARADIGM CHANGE
FROM THE 20th CENTURY
TO THE 21th CENTURY…
AS IT OCCURED SOME TIME AGO
DRIVEN BY KONDRATIEFFSCHUMPETER CYCLES
THE KONDRATIEFF – SCHUMPETER
CYCLES DRIVE IN EUROPE A
SUCCESSION OF SOCIETAL
PARADIGMS WHICH DESIGN
DEVELOPMENT ... AND STOP
NUCLEAR ENERGY FACING FINANCIAL CRISES
AT EACH PARADIGM REVOLUTION,
GEOPOLITICAL SITUATION MAY
OVERTURN, DEPENDING THE
ABILITY OF THE SEVERAL PLAYERS
TO MASTER THE PREVIOUS
SITUATION AND FUTURE BASES.
CENTENNIAL EVOLUTION
ENERGY...STRICTLY LINKS WITH
PARADIGM DEVELOPMENT
...OR COLLAPSING
NUCLEAR ENERGY FACING FINANCIAL CRISES
AT THE COAL REVOLUTION THE WINNER IS
U.K. !
also due to its strong banking system and currency

FRANCE LOST ITS LEADERSHIP
NUCLEAR ENERGY FACING FINANCIAL CRISES
AT THE OIL REVOLUTION THE WINNER IS
U.S.A. !
also due to its strong banking system and currency

U.K. LOST ITS LEADERSHIP
NUCLEAR ENERGY FACING FINANCIAL CRISES
AND NOW ?
NUCLEAR ENERGY FACING FINANCIAL CRISES
WHAT IS THE GOOD CHOICE ?
THE ECOLOGIST CHOICE OF
EUROPEAN UNION ?
NUCLEAR ENERGY FACING FINANCIAL CRISES
OR,
THE SANTOS DUMONT CHOICE ?
NUCLEAR ENERGY FACING FINANCIAL CRISES
AT THE NUCLEAR REVOLUTION THE WINNER WILL
BE B.R.I.C.
!
which must also master the non-scriptural currency revolution

IS U.S.A. LOOSING ITS LEADERSHIP ?
NUCLEAR ENERGY FACING FINANCIAL CRISES
•FROM REGRESSION BASED ON
ENTROPIC EXPLOITATION OF
TANGIBLE,
• TO DEVELOPMENT BASED ON
NEGENTROPIC USE OF
INTANGIBLE
NUCLEAR ENERGY FACING FINANCIAL CRISES
•FROM EXPLOITATION OF
NATURAL RESOURCES
THE WAY WHICH ENSURES WAR
•TO THE USE OF HUMAN SKILLS
THE WAY TO SUSTAINABLE PEACE
NUCLEAR ENERGY FACING FINANCIAL CRISES
THE MOST EFFICIENT
ENERGY RESOURCES ARE THE
ONE WHICH ARE THE MOST
“KNWOLEDGE” VALUABLE

THE MOST CAPITALISTIC
 NUCLEAR ENERGY
NUCLEAR ENERGY FACING FINANCIAL CRISES
Either, we will follow the absurd and dark
path marked out by ignorance, and decide to
discard nuclear energy : Pollution will
continue to spread its black wings over the
entire planet. The wealth of Nature will
diminish. The poor will be even poorer and
ever more numerous, which will create all
conditions for wars
NUCLEAR ENERGY FACING FINANCIAL CRISES
Or, we can choose to resume economic
growth, creating wealth, jobs, preserving
our environment, based on the increased
use of nuclear energy and create all
necessary conditions for a peaceful world.
NUCLEAR ENERGY FACING FINANCIAL CRISES
DUE TO NUCLEAR ENERGY
 WEALTH 
 WASTE RECYCLING 
POLLUTION 
THE WORLDWIDE N°1 FRIEND:
NUCLEAR ENERGY
NUCLEAR ENERGY FACING FINANCIAL CRISES
MERCI DE VOTRE
ATTENTION
Prof. Dr. André Maïsseu