Never mind that thousands are dead or injured and hundreds of thousands are homeless, the Wall Street Journal seems to suggest that Japan's floundering economy could see benefit in the destruction.
Some economists have argued that a quake could actually lift the economy in the long run, by requiring a surge in rebuilding spending.Certainly it is in poor taste to even broach this subject but this is how Keynesians think; steal from the masses and use the proceeds to fund government projects. Never mind that the money could be put to better use and I am damned sure that no matter how great things are rebuilt, the affected people in Japan would not have wanted this tragedy to occur in the first place.
Frédéric Bastiat warned us of this line of reasoning some 160 years ago but progressives always look for some silver lining in a tragedy as a way to expand their big government, socialistic beliefs. For if things really worked this way, wouldn't we just blow up cities in order to reap the economic benefit from rebuilding them?