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Japan’s Nuclear Morality Tale

The troubles of nuclear-power plants in northeast Japan have dealt a severe blow to the global nuclear industry, which had been trumpeting a nuclear-power renaissance. Judging by the fallout from previous nuclear disasters, however, the industry's advocates will be back.

NEW DELHI – The troubles of the Fukushima nuclear-power plant – and other reactors – in northeast Japan have dealt a severe blow to the global nuclear industry, a powerful cartel of less than a dozen major state-owned or state-guided firms that have been trumpeting a nuclear-power renaissance.

But the risks that seaside reactors like Fukushima face from natural disasters are well known. Indeed, they became evident six years ago, when the Indian Ocean tsunami in December 2004 inundated India’s second-largest nuclear complex, shutting down the Madras power station.

Many nuclear-power plants are located along coastlines, because they are highly water-intensive. Yet natural disasters like storms, hurricanes, and tsunamis are becoming more common, owing to climate change, which will also cause a rise in ocean levels, making seaside reactors even more vulnerable.

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    Cronies Everywhere

    Kemal Derviş

    Three recent books demonstrate that there are as many differences between crony-capitalist systems as there are similarities. And while deep-seated corruption is usually associated with autocracies like modern-day Russia, democracies have no reason to assume that they are immune.

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