How Deregulation Foretold Nuclear Disaster In Japan
There will be a postmortem to determine the cause of the nuclear accident in Japan at Fukushima, and all the usual suspects will be rounded up for interrogation. One, however, will get a nod and a wink without any serious investigation: deregulation. It’s the linchpin of the problem, but it will get nary more than a cursory examination.
In the neoliberal world economy, deregulation and free markets are the Holy Grail on the altar at which we’re all forced to worship. Speaking badly about deregulation is like talking about someone’s mother; it’s simply not done. However, to exclude it from the discussion condemns us to another such tragedy. It’s time this thorny issue be addressed and resolved, once and for all, for the good of every living creature on the planet.
Continue Reading