metiman said:
with AC current the direction of the current is constantly changing 60 times every second. So every 1/30th of a second the white wire is the (positive) 'hot' one.
Very confusing/confused here. (Notwithstanding the 1/30th sec typo) Why you associate +ve with 'hot' I am unclear. What counts is the work that can be done per Coulomb of charge (viz. volts - and for mains that is with respect to the neutral). It matters not if it is + or -.
In polyphase AC circuits, the neutral is the line back to the star point of the polyphases. This is usually earthed at the distribution, so, nominally, the neutral line should be at ground potential. It is therefore never 'hot' (whatever that means), unless you also regard the whole of the Planet Earth becoming 'hot'.
The reason the neutral is not always at the potential of where it is earthed (i.e. why it is not always at ground potential) is if there is a fault current from the live lines running into ground. If this happens, then effectively the circuit will then push the neutral line around. In this case, the neutral
might become 'hot', but only in a fault condition. Usually, the neutral of a house ring circuit does, indeed, float around a few volts off Earth potential, just because of inductive effects, length of mains distribution trunks, &c., together with the fact that if each phase of the distribution is having different demands on it then there will likely be some deviation from ground for the neutral line.
In a RCD protection system, the neutral is attached via a relay to ground, so if neutral ends up floating away from ground for some reason by more than a few volts (to accommodate the usual effects, as above), the relay is activated and the circuit shuts down. It is set up like this because no current should be flowing from the live wire(s) straight to ground (thus pushing the neutral line away from ground reference), all live circuits should all route back to the star point of the polyphase distribution and NOT directly to ground [except in the fault condition].
I do not claim this is the setup for all international mains systems, I am sure somewhere in the world there are various permutations on such arrangements, but this should serve to describe basic principle.