From the article:
This incident therefore shouldn’t trouble the prudent,
The prudent are a vanishingly rare species. They're never accountants, rarely policy makers, and seldom shareholders. Critical infrastructure is critical no matter how it's funded or how resilient it is, and too often the incautious learn far too late. The only difference between any past disasters and future ones is that our high tech world means we have fewer back up systems. The classic one is chimneys; houses don't have them anymore. In the old days if the mains or gas went off you could always burn something to keep a home warm. Now, you cannot!
The lunancy of those in financial control is that, at the same time they withold funding from propely beefing up critical infrastructure, they're probably personally diversifying their financial interests, investments, etc. The lunacy is that none of that diversification is worth a damn if the modern technological world suffers a major shock (e.g. a Carrington event) and whole economies evaporate in a puff of high energy protons.
