The appalling track record of Japan's nuclear industry

The threat of a nuclear disaster in Japan has investors across the world panicking. And they may be right to do so – the country's nuclear industry has an appalling track record when it comes to covering up past incidents, says Merryn Somerset Webb.

There has been much talk since the beginning of the continually shocking crisis in Japan about the stoicism of the population, their discipline and their unselfishness. If this had to happen anywhere, say the columnists, Japan is the place best socially able to cope from it.

I have no idea if this is true or not. I suspect that it is a piece of fairly feeble stereotyping in that were a similar crisis to hit here we too would queue rather than fight at the supermarket. History shows the vast majority of people becoming better people in the face of crisis in the immediate term at least.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek