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China Agitating Taiwan To Demonstrate Power, Not To Start WWIII | World In :60 | GZERO Media
October 05, 2021
What are the Pandora Papers?
It is yet one more, even larger dump of information about a whole bunch of former and standing world leaders and the wealthy people near them who are trying to obscure their wealth, frequently ill-gotten, through offshore accounts and usually buying a bunch of real estate in other countries. Some leaders that are trying to show themselves as reformers are going to get caught up and really embarrassed by that. In particular, some of the ministers around Pakistani Prime Minister Imran Khan, President Lasso in Ecuador. There are, I would say King Abdullah in Jordan, certainly, but for people like Putin, of course, complete impunity, no shame, because they have thorough control of their system, their media. It's an authoritarian state, full on.
What's happening with Facebook?
Well, it looks like it was an own goal, of big engineering mistake. The fact that you can take half of the planet down in terms of an app that they use, so easily, it's a lot more dangerous than, say, just-in-time supply chain and what we learned about not having redundancy and resilience in our system after the pandemic. This, on the digital side, even more dangerous. Imagine if it had been something where companies use it fundamentally to work, like for example Amazon or Microsoft. I mean, this was a significant inconvenience, most importantly for small enterprises that use Facebook for their businesses. Six hours down. Big embarrassment for Facebook. Question is whether or not it makes any of us think differently about the need for redundancy and resilience on digital sites. They are so, of course, concentrated. We'll see what happens on the regulatory side. So far, there's been very little.
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