As has been apparent for at least 3 weeks, the Japanese don’t have a clue about the nuclear meltdowns occurring at their aging nuclear plants.
So far, it’s been a case of “don’t worry, under control” followed by “panic stations, now!”.
Is there anything good to come out of this disaster, now as bad as Chernobyl?
Yes, three things:
1) Nuclear power is dead for at least another generation. Regardless of the relatively tiny number of casualties (in comparison to those in oil, gas, and coal mining), the fear factor is both staggering and decisive.
2) Japan will at last begin to spend real money on infrastructure that matters. Rebuilding should get the economy moving, although it may take a few years.
3) Japan will at last recognize that it cannot keep its domestic market essentially closed. With fishing and farming pretty much dead in the water for the next decade, Japanese consumers will at last have some competition and deflation may, after 20 years, be conquered.
Gorilla says: “The silver lining isotope may outlast the rest!”