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And 10,000 victims will not bring down the nation of Japan.

It is, for example, a smaller total impact than the cancer epidemic from the chemical industry, which has failed to taken down any national economies to date. Indeed, it could be fewer than the lives Japan saves relative to the US by its less intensive reliance on driving private vehicles.

The set of "bad things, but not an existential threat to the continued existence of a national economy" is one with a quite wide range.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Sun Jun 12th, 2011 at 11:53:26 AM EST
[ Parent ]
(This is where macro-economics fails to capture the phenomena.)

Depends on who the 10,000 is ... doesn't it?  Only (about) 3% of a nation's population is Creative Class where the rubber-meets-the-future.  In some industrial areas we're talking tens of people who have the knowledge and ability to drive the R&D to successful products.  

Example:

Fukushima was the leading global center for digital camera research and development.  With these people dead, missing, or running away from radioactivity the entire digital camera industry is falling from the grasp of the Japanese.  If it get away from them, they won't get it back; they will always be behind the curve.  

Same basic process happened to Motorola and is happening to Nokia in the mobile telephony business.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Sun Jun 12th, 2011 at 12:11:59 PM EST
[ Parent ]
And there you have in a nutshell the difference between what hit Fukushima itself and what would happen as a result of 10,000 distributed fairly randomly across 10million.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.
by BruceMcF (agila61 at netscape dot net) on Sun Jun 12th, 2011 at 04:18:04 PM EST
[ Parent ]

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