Sunday, August 4, 2013
A series of rail-traffic accidents reminds me of the past experiences of fatal incidents that happened in Japan in the early 2000s. The cause of those incidents was same as both in Europe and Japan: It's too aggressive cost-cut that induces human errors because of excess daily-burdens to rail workers.
Spain and France share with a fiscal issue that is pressing to be handled with their huge fiscal deficit. Finance must be cared, however austerity never means a simple measure of cost-cut of everything. Simple cost-cut without removal of causes of troubles is to kick the can down to the road. The "can" is easy to become larger than is expected soon.
When you cut something, you need to fill in the hole with the equivalent to what you save.