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Environment & Energy
Related: About this forumJapan to Nationalize Fukushima Utility
TOKYO Japan is ready to nationalize Tokyo Electric Power, the operator of the ravaged Fukushima Daiichi nuclear power plant, under a 1 trillion yen ($12.5 billion) bailout plan that was approved on Wednesday.
http://www.nytimes.com/2012/05/10/business/global/japan-to-nationalize-fukushima-utility.html
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Japan to Nationalize Fukushima Utility (Original Post)
Fledermaus
May 2012
OP
PoliticAverse
(26,366 posts)1. Privatize the profits, socialize the losses. n/t
teddy51
(3,491 posts)2. So the whole nation can get in on paying the loses. What a wonderful thing.
Art_from_Ark
(27,247 posts)3. There's really not much else the government can do
TEPCO provides electricity to roughly a third of Japan's population (including me), as well as to a significant part of its industrial and transportation base, not to mention the numerous business and government buildings in and around Tokyo, so it is essential that TEPCO's services be maintained.
Fledermaus
(1,506 posts)4. The average person in Japan will pay, but there is a small group that has profited from nuclear power
at the expense of every one else.
Art_from_Ark
(27,247 posts)5. Certainly no one in Japan is profiting from nuclear power right now
And Japan is a little different from the US-- there is greater expectation here in Japan for everyone to help in pulling through hardships like this, and the rich don't get a free ride.