Day: March 14, 2011
Meltdowns, nuclear and economic
We are going to be hearing a lot about nuclear meltdowns in the next few days. Here courtesy of Reuters is a decently comprehensible explanation of what may have happened at the Fukushima nuclear power plant:
Nuclear power plants cannot explode the way a nuclear weapon does. But they can spew a lot of dangerous radioactive material if the containment is breached (this has not happened so far). That could make things a lot worse. Check here for more on this and other nuclear issues.
At the very least, we are looking at colossal economic losses due to the earthquake in Japan. The reactors alone cost on the order of $10 billion each, and that is small in the context of the other physical damage done in Japan. But the really big impact is likely to come from increased energy costs worldwide–uncertainty about whether nuclear reactors are safe will drive up electricity and other energy bills, which are already soaring due to Middle East uncertainties.
So…anyone who thought our budget problems might ease in a year when the economy is recovering, as I did, will have to reevaluate. Whatever budget constraints we were feeling before the earthquake, they are going to get a good deal tighter now. This unquestionably affects the way we think about war and peace, in particular how much we are willing to pay for either one. Tea partiers were already prepared to cancel funding for peace, and they were looking shaky on support for war too. How about the rest of us?
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Counter revolution advances, not only in Libya
With the U.S. and Europe hesitating to take action against Gaddafi, the counter-revolution is in full swing, not only in Libya. The Saudis have prevented any sizable demonstrations and have sent military forces into Bahrain to reinforce its effort to repress the demonstrations, which yesterday focused on Manama’s financial district. In Yemen, seven were killed over the weekend and many more injured as the government used deadly force against university demonstrators. Demonstrators and local doctors are also claiming that some sort of illegal poison gas was used:
In Libya, Gaddafi’s forces have taken Brega and are headed east towards Benghazi. The once hopeful rebellion appears headed for defeat, if not oblivion. The past several days of inaction have had serious consequences, as Tripoli has used its unchallenged air force and superior fire power to force the rebels out of several key positions. Libyan forces are now approaching Adjabiya. Their long supply lines now represent the last, best hope of the rebellion to prevent the fall of Benghazi.
Will these reversals encourage conservative forces in Tunisia and Egypt to hold on to what positions they can, or even strike back to counter changes already in progress? Are the reversals temporary setbacks, or are we witnessing the end of the (early) Arab spring? Will the protesters find ways of reviving their efforts? Will the regimes turn their backs on protester aspirations or look for ways to offer more meaningful reforms? Lots of questions, few answers.
PS: Little did I know when I wrote this that Jackson Diehl had already asked similar questions, with a somewhat more pessimistic spin, in this morning’s Washington Post.
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