So there is a trope in the engineering world that the safest reactors are the ones that are confined to paper studies, or, to put it more timely, to PowerPoint slides.
It's true that the LFTR reactors don't have the same failure modes as the pressurized light-water reactors, but they still have the same basic issue, namely that there is a very large amount of power-generating capacity in a relatively small volume. Even pebble-bed reactors [wikipedia.org], similarly touted as "intrinsically safe" during their design phase, have had a radiation-release accident -- scroll down to "Criticisms of the design" on that Wikipedia page. The lesson (which I learned from Charles Perrow and Fukushima) is that complex systems with high power densities are intrinsically hazardous, because unexpected interactions (which arise from the complexity) tend to be highly destructive (because of the power density). LFTRs are less complex, and so less dangerous, than PLWRs, and that's good, but it doesn't make them safe.
The stupid cliche you hear over and over again is true -- safety is a process. You can design reactors so that the safety process is easier to implement, but what actually makes things safe is conservative management schemes that retain the redundancy and margin for error that the process demands, and not cutting them out because of the money, or, worse, because of complacency induced by faith in the design.
There's another industrial safety joke, particularly applicable to complex systems -- accident analysis consists of filling in X and Y in the phrase, "Nobody imagined X could happen whlie Y was true."
Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/Q0Hz43cM-Yo/story01.htm
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