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…
Not everything needs to be done through a computer, and we are seeing the effects now of organizing our systems such that the only way to interface with them is through a digital device or a smartphone, with no alternative. Such are the consequences of moving everything "into the cloud" and onto digital devices as a result of easy monetary policy and the concomitant digital gold rush where everyone and their dog scrambled to turn everything into a smartphone app.