The details (the particular companies / systems etc) of this global incident don't really matter.
When the entire society and economy are being digitized AND that digitisation is controlled and passes through a handful of choke points its an invitation to major disaster.
It is risk management 101, never put all your digital eggs in one (or even a few) baskets.
The love affair with oligopoly, cornered markets and power concentration (which creates abnormal returns for a select few) is priming the rest of us for major disasters.
As a rule of thumb there should be at least ten alternatives in any diversified set of critical infrastructure service providers, all of them instantly replaceable / forced to provide interoperability...
Some truths will hit you in the face again and again until you acknowledge the nature of reality.
When the entire society and economy are being digitized AND that digitisation is controlled and passes through a handful of choke points its an invitation to major disaster.
It is risk management 101, never put all your digital eggs in one (or even a few) baskets.
The love affair with oligopoly, cornered markets and power concentration (which creates abnormal returns for a select few) is priming the rest of us for major disasters.
As a rule of thumb there should be at least ten alternatives in any diversified set of critical infrastructure service providers, all of them instantly replaceable / forced to provide interoperability...
Some truths will hit you in the face again and again until you acknowledge the nature of reality.