The problem with the entire situation stems from government incompetence and the desire to be all things to all people in this crisis.
Yesterday, it came to fore that areas near the crippled Fukushima nuclear power plants will be declared uninhabitable for many ears to come. Does that come as a surprise to anyone? I wouldn't think so.
Now, it seems that the Japanese government is going to reimburse land and property owners near the Fukushima plant by paying them rent for all the coming years that they won't be able to live in their homes. I am completely against this notion and think this is just another government boondoogle that makes the rest of us pay for something that we had nothing to do with.
The New York Times reports:
The only good note that can be deemed from all of this is that, with everyone being so nervous and doing some serious checking and investigation, that no one has found any wide contamination in Tokyo is a good thing. Let's hope it stays that way and people remain vigilant.
Frankly speaking, in a nutshell, here's what I think:
1) The TEPCO nuclear power plant is a privately owned business. When they made profits, they kept them. When they lose money (as in the recent accident) I don't understand why the public has to bail them out. They make a profit, they pocket the money. They lose money and the public has to pay through increased taxation? Does that seem fair to you? It doesn't to me.
2) Once again, the government is easy to spread around public tax monies paid for by you and me.... After all, it's not their money.
3) This sounds really cold, but the people who lived around those nuclear power plants profited in their businesses and livelihoods for decades due to the business and economic benefits those nuclear power plants provided as a main source of jobs and revenue for the people living in the area. Why are they different than TEPCO? They profited for many years off of businesses and jobs created by the TEPCO plant. Now that there has been a terrible accident, why do the rest of us have to pay them rent for their houses that they can no longer live in?
4) Who will decide the amount of rent to be paid? Surely we will be paying way over current market value on those properties as their current value - since the disaster - must be close to zero.
5) Why are we, the public, being asked to pay for these properties? What is the purpose of private so-called "fire and marine" insurance? (Insurance for covering accidents and disasters befalling private property?) If the owners of property had no insurance, then that is their stupidity and loss. Why should the rest of us pay for that? When, say, a property on a mountainside is burned down in a fire, are the rest of us expected to pay for that property owner's loss? No.
The disaster of March 11 is a tragedy for those who lost homes, family and livelihoods. These sorts of occurrences are why there is insurance. There is no good reason that the government has volunteered for the rest of us to pay for these people's losses. They profited from the good times, they must suffer for the bad.
Paying these people, like paying TEPCO, is not fair. It is the same as the US government using tax monies to bail out the big banks when they were in trouble.
The rest of us didn't experience personal or financial gain from the good times, we should not be expected to pay for the bad.
I am against this sort of expenditure of public monies whether it is to be spent to help a private business like TEPCO or a private landowner like those who lived near the Fukushima reactors. People must have known the risk. They should have moved if they didn't like the chances. The rest of us should not be expected to pay for their poor judgement or bad luck.
That is what insurance is for.
As with all tragic events, I wish for good luck for those people and survivors of these disasters... But I can't see how you or I should be forced to pay for it.
What about those poor abalone farmers, then? Their livelihoods have been wiped out. They deserve a big handout. And what about you and me, and all those suffering anxiety and depression because of this disaster? I think we deserve compensation, don't you? ;-) After all, deficits don't matter. That nice Mr. Cheney said so, so it must be true.
ReplyDeleteThey - sorry, you and I and all Japanese taxpayers - could be paying this rent for a long time: "Ecological Half-Life" of Caesium 137 could be 180 to 320 Years!"
ReplyDeletePeople living today have been brought up on a diet of Fabian socialism and diluted Marxism and most of them don't know it. It is now taken for granted that the government is or should be in charge of pretty well everything. The idea that any government stand by and do nothing is insane to most people. What might be convincing (or at least nudge folks to considering alternatives) is suggestions/scenarios. The locals do have a case, because of the possible fraud (unenforced safety checks, etc) and the decades of "it's perfectly safe" (see EX-SKF's blog posts on Prof. Medarame for details) propaganda.
OK, so the government does nothing. What then? How might private initiatives manage the situation? Simply saying the government should do nothing won't get you a hearing (except with the already converted nutcases like me).
A future blog entry, perhaps?
Prof. Lenz (Law prof. not a nuke expert) thinks the evacuations may not be necessary, let alone the rent payments.
ReplyDeleteIt will be over 200 years of payments then. That area will not be able to be inhabited for many lifetimes. Its also a rather large area of Japan too. Reaching from Saitama to Hokkaido.
ReplyDeleteThe government had to back Tepco or as a private company they would have simply gone bust, filed for bankruptcy and closed the doors. No one would receive compensation but more importantly, the plant would have had no employees so the state would have had to take over the disaster anyway, they can't just leave it and hope for the best.
ReplyDeleteInsurance - yes, people should have their own insurance. If they didn't want to pay as they considered the risk low and the premium high, well that was their choice. Now they see the need for insurance.
I also agree that they benefited from subsidies from the central government to support this facility. They did not complain when these handouts were subsidising their local infrastructure and amenities did they? Now they have the real cost benefit of a nuclear reactor and suddenly they realise it is not so beneficial; financially or socially.
I just hope that people start to calculate the true economic cost of nuclear power and stop pretending it is cheap. 200 years of none productivity for this area, what is the cost? In a country where land is scarce? Now do the real sums and consider the cost / benefit.
Obviously many people are innocent bystanders that were just getting on with their own lives before and not really taking much interest in the nuclear plant. They don't really deserve such harsh treatment and Tokyo has also benefited greatly from the cheap electricity costs so don't pretend you are the hard done to innocent tax payer either. Share the cost of your joint failings to sort out the mess of the power industry in Japan. It is not as if it wasn't known before this disaster about the cosy relationships that kept everything running to the benefit of many in politics and corporate companies. Where was the media during this time? Why were they not highlighting the problems and calling for change? All seems very cosy in Japan, let's not upset anyone and instead just concentrate on changing the prime minister every year to fill the news.