Reflections on the Earthquake in Japan, 4 Years Later
http://time.com/3726563/japan-earthquake-anniversary/
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It only started as a natural disaster; the next waves were all man-made, as money fled to higher ground. Fear and uncertainty sheared $700 billion off the Toyko Stock Exchange in three days. Japan makes nearly a quarter of the worlds semiconductors and most of its gadgets. Sony suspended production at seven plants; carmakers slowed output, fearful of gaps in the supply chain; power companies scheduled rolling blackouts. How can a global recovery take hold if the worlds third largest economy is out of business, even temporarily? Meanwhile, Switzerland announced a freeze on new nuclear plants, Germany shut down all its facilities built before 1980, and the U.S. Congress called for hearings on nuclear safety. The flooded Japanese plants will never reopen. But demand for power only grows.
We sleep easy in the soft arms of clichés: hope for the best, prepare for the worst; risk varies inversely with knowledge; its a waste of time to think about the unthinkable. But Japan shook those soothing assumptions. No amount of planning, no skills or specs or spreadsheets, can stop a force that moves the planet...
(article continues)
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http://time.com/3726563/japan-earthquake-anniversary/
>>>snip
It only started as a natural disaster; the next waves were all man-made, as money fled to higher ground. Fear and uncertainty sheared $700 billion off the Toyko Stock Exchange in three days. Japan makes nearly a quarter of the worlds semiconductors and most of its gadgets. Sony suspended production at seven plants; carmakers slowed output, fearful of gaps in the supply chain; power companies scheduled rolling blackouts. How can a global recovery take hold if the worlds third largest economy is out of business, even temporarily? Meanwhile, Switzerland announced a freeze on new nuclear plants, Germany shut down all its facilities built before 1980, and the U.S. Congress called for hearings on nuclear safety. The flooded Japanese plants will never reopen. But demand for power only grows.
We sleep easy in the soft arms of clichés: hope for the best, prepare for the worst; risk varies inversely with knowledge; its a waste of time to think about the unthinkable. But Japan shook those soothing assumptions. No amount of planning, no skills or specs or spreadsheets, can stop a force that moves the planet...
(article continues)
<<<snip
