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I also don't think there were sufficient incentives to avoid this crisis to begin with. TEPCO is a monopoly and was rewarded with billions in loans for their f
by stretchwithme 15y ago
I also don't think there were sufficient incentives to avoid this crisis to begin with. TEPCO is a monopoly and was rewarded with billions in loans for their failures.
The penalties for failing this way in a marketplace is bankruptcy. Not in this situation.
Even if one is a fan of government regulation instead of relying on competition (and there's good reason for that with safety such a critical issue), its clear the government wasn't paying attention to the risks either.
They could have put the generators above what the worst case tsunami could reach. They could have had a capability to fly in generators and fuel.
Also interesting was there were three agencies passing the buck to each other getting the word out. My experience is that when multiple parties are responsible for something, no one actually is, especially in a crisis.