But this does not in any way diminish the importance of trying to ensure that the rules are appropriate both in their technical aspects (providing the right incentives for further innovation and dissemination of ideas), and in an income-distribution sense, both between countries and within countries.
Among their enormous social and economic impacts, the Christchurch earthquakes were a tragic wake-up call in respect of disaster recovery/business continuity planning (BCP) for many organisations. Statistics New Zealand was hit very hard in business terms by the three major quakes. The February quake severely damaged the main Christchurch office building and the separate census building.