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<font face="Helvetica, Arial, sans-serif">The Fukushima nuclear
accident investigation report called the it a 'profoundly man-made
disaster'. It put a lot of blame on regulatory capture.<br>
<br>
To quote a newspaper report (
<a class="moz-txt-link-freetext" href="http://www.thehindu.com/opinion/op-ed/article3610518.ece">http://www.thehindu.com/opinion/op-ed/article3610518.ece</a> )<br>
<br>
The investigation commission's report " explains the disaster in
terms of “regulatory capture” — that is, that the relationship
between the regulators and the regulated was much too close,
enabling the regulated to subject the regulators to undue pressure
and influence."<br>
<br>
CIR management, especially vis a vis oversight issues, came to my
mind as I read this. Those who have rooted for the current AoC
based review mechanisms as *the* oversight system may especially
take note. This report shows the need and the role of independent
and outside oversight systems for critical technical
infrastructures.<br>
<br>
parminder </font><br>
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