Comment by pfdietz
4 days ago
Speculation with positive expected return is a good thing. So the question is, does fusion have positive expected return?
The world spends 10% of global GDP on energy, about $10 trillion per year. The world will spend something like a quadrillion dollars on energy this century, possibly more as the world gets wealthier and per capita energy use increases. A billion dollar investment is just one part in a million of that. Fusion doesn't have to be very likely to succeed to make such speculation worthwhile.
I was talking about prediction markets, not fusion.