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Saturday, March 10, 2012

Nuclear Disaster in Japan Was Avoidable

Nuclear Disaster in Japan Was Avoidable, Critics Say - NYTimes.com:

Very similar to the US financial crisis:

"Mr. Shimazaki and others say the fault lay not in outright corruption, but rather complicity among like-minded insiders who prospered for decades by scratching one another’s backs. They describe a structure in which elite career bureaucrats controlled rubber-stamp academic policy-making committees, while at the same time leaving it to industry to essentially regulate itself."

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