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 powe…
Can you imagine having just one road connecting two big cities to cut costs? No alternative roads, nor big nor small.
That will be really cheap to maintain, and you can charge as much as you want in tolls as there are no alternatives. And you can add ads all over the road as people has to watch them to move from one city to the other.
And if the road breaks, the goverment needs to pay for the cost as they cannot allow the cities to go unconnected.
We live in the middle-ages of technology.