Japan Is Being Destroyed By Criminal Corporate Cronyism (Like the Rest of the World)

Tepco’s criminal actions have worsened the Fukushima disaster:

  • Tepco just admitted that it’s known for 2 years that massive amounts of radioactive water are leaking into the groundwater and Pacific Ocean
  • Tepco’s recent attempts to solidify the ground under the reactors using chemicals has backfired horribly. And NBC News notes: “[Tepco] is considering freezing the ground around the plant. Essentially building a mile-long ice wall underground, something that’s never been tried before to keep the water out. One scientist I spoke to dismissed this idea as grasping at straws, just more evidence that the power company failed to anticipate this problem … and now cannot solve it.”

And yet Tepco is still in charge of Fukushima … and is making record profits.

And Japan will likely pass a new anti-whistleblowing law in an attempt to silence criticism of Tepco and the government:

Japanese Prime Minister Shinzo Abe’s government is planning a state secrets act that critics say could curtail public access to information on a wide range of issues, including tensions with China and the Fukushima nuclear crisis.

The new law would dramatically expand the definition of official secrets and journalists convicted under it could be jailed for up to five years.

In reality, reporters covering Fukushima have long been harassed and censored.

This is exactly like the financial crisis, the BP oil spill and other major disasterscrony capitalism between corrupt corporations and captured governments is ruining our lives.

Category: Think Tank

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

13 Responses to “Fukushima, the Great Recession and Other Crises All Caused by Crony Capitalism”

  1. DebtZero says:

    And nary a peep from the Main Street Media or our Fearless Leaders in DC…..

  2. ilsm says:

    While the DHS worries “dirty” bombs in DC……………………

    Anyone have a graphic of the radiation “plumes” spreading eastward across the north Pacific?

  3. Concerned Neighbour says:

    Aside from the environmental catastrophe, the most infuriating part of this is that Tepco is still highly profitable. In a well functioning market system, Tepco should have either gone bankrupt or been taken over by the government right now.

    We really do live in a world of crony capitalism. It’s sickening.

  4. supercorm says:

    I feel more and more powerless …

    … time to buy a farm, owning your land, producing your food, your electricity, your water, and not relying on funny money.

    Don’t buy Bitcoins at $600, just buy land. Be self-sufficient.

    Whats going on in this world at the moment, either money printing or corporate free loaders, is just the complete opposite of what I learned in University, and completely against common sense.

    Great video this morning on Bloomberg TV with Nassim Taleb, and tailrisk events …

  5. blacksburg98 says:

    “pretended” in the second bullet should be “prevented”

  6. mm7283 says:

    “One constant among the elements of 1914 – as of any era – was the disposition of everyone on all sides not to prepare for the harder alternative, not to act upon what they suspected to be true.”

    from The Guns of August by Barbara W. Tuchman

  7. Init4good says:

    I hope our own (U.S.) Nuclear Regulatory Commission (NRC) and their contractors have studied some of the more severe failure modes at Fukushima (they are now known) and have developed/ conducted a review of all US nuclear plants since the Japanese disaster. I’m sure there are some plants that could be shutdown and inspected and where improvements could be made. I realize the CONUS has so far been free from a major natural disaster, but we always need to be prepared for the worst.

    OR is it just business as usual here?

  8. LeftCoastIndependent says:

    Japanese govt. doesn’t know how to clean up the mess, so they bailed out TEPCO to keep them alive and let them do it. Love the term “cold shutdown”, as if the problem will take care of itself. Reality check says it will take 10,000 years. And the waste at reactor #3 has “gone missing”. Where to? Is it on it’s way to the center of the earth, melting everything in its path. Soon the cleanup will begin and one little slip or a crack in one of the “cores” will start a chain reaction that cannot be predicted, but it won’t be good. Chernobyl was a nightmare, but only involved 180 tons of low grade radioactive waste. Fukushima is 2000 TONS of high grade radioactive waste. If the unthinkable happens, Tokyo and most of Japan will have to be evacuated, and maybe as far away as the west coast of North America also. Needless to say, if worst comes to worst, world wide economic meltdown will happen also. No wonder no one is talking about it.

  9. rd says:

    The Invisible Hand meets The Tragedy of the Commons in a massive WWF slamdown..

    No rational businessman would allow a disaster to occur that would potentially destroy his company, Japan, and the Pacific Basin. However, addressing these long-term perspectives is just so hard when you have the pressure of managing quarterly earnings, making sure that nobody’s feelings get hurt, and ensuring your nephew is gainfully employed.

    So far we can put red X’s through much of the north-east part of the Gulf of Mexico and the central Pacific (agricultural runoff dead-zone, Macondo well, Fukushima, plastics). Industry wasn’t as successful at destroying world-wide environments when they weren’t super-sized and didn’t have the leverage of modern technology to do it bigger and in more inaccessible locations. Less regulation should enable companies to accomplish even more.

  10. WallaWalla says:

    I get the feeling the mainstream public was never truly aware of the scope of Fukishima. Like so many issues, it disappeared from people’s minds about the same time mainstream media stop covering the story. This issue doesn’t span weeks, months or even years. Best case scenarios project cleanup continuing for decades. If things go seriously wrong (as many of the linked articles above seem to suggest), that extends into generations.

    From a psychological point-of-view, humans have been shown to be terrible at long term planning. Take retirement for example: social security is necessary because many people, including those with decent incomes, insufficiently save for retirement. Social security alleviates some of the risk of spending retirement as a pauper. In my opinion, people do not accurately assign risk to nuclear energy nor to the radiological time-scale. While the amount of mercury in the air can be lowered over the course of a month after shutting down a coal-fired power plant, it takes decades to clean up the contamination from nuclear accidents.

    Bottom line: there is no easy fix for this problem, and people must be prepared to deal with it for many many years.

  11. Winchupuata says:

    This whole thing is so disgusting and we’re so powerless to do anything.

  12. Mattw says:

    This is an example of what ails Japan, the West, South Korea, China and more. During a long period of stability, corruption sets in but is generally hidden from view. The Fukushima incident is just giving us a glimpse of the deep corruption involved. That is one of the reasons why those countries will never get going ever again, or until there is a huge crash.

    In the future if you want to know why the US and Japan can’t get their engines started for very long, then think about this article. Where is all the hidden corruption that you don’t know about?