If you haven’t seen HBO’s “Chernobyl” mini-series yet, you absolutely should. While the TV show has its fair share of inaccuracies, it still superbly retells a tragic tale of what happens when political and ideological interests overshadow public safety. As someone who lives in an ex-communist country, this mentality is rather familiar to me. Bureaucracy rules supreme, yet that very same bureaucracy is unable to grasp the technicalities and the gravity of problems at hand. So, when such an inept and indoctrinated machinery gets to control an asset as volatile as a nuclear power plant, catastrophe is imminent. Chernobyl was a catastrophe that claimed thousands of lives — the numbers wary widely from just 4,000 to 27,000, according to a report by the Union of Concerned Scientists, to Greenpeace’s estimate that between 93,000 and 200,000 people died as a result of the disaster. Some studies even say there were over a million cancer-related deaths. While death-toll methodologies differ, one thing is certain: The explosion, which released 400 times more radioactive material into the Earth’s atmosphere than the atomic bomb dropped on Hiroshima, was caused by a technical mishap, but also by human error, which is something that can’t be totally avoided.
Market Watch 2nd July 2019 read more »