Re:Hacking Team Caught Taking Over Decoy Water Plant
by stretchwithme on Saturday August 03, 2013 @06:20AM
(#6151694)
And many are monopolies that have little incentive to prepare for black swans. They will just be bailed out or allowed to raise rates to clean up a catastrophe.
Tokyo Electric Power Company in Japan was allowed to borrow billions after their colossal failure at Fukushima. A failure that could have been avoided with better planning. But with no competition, what incentive was there?
[1] http://www.bloomberg.com/news/2013-02-13/obama-orders-cybers...
[2] http://articles.washingtonpost.com/2013-07-28/business/40859...