Re: I think that was the point of the article
No, that's the starting point of the article and a bit obvious. The point of the article is that because of the hype surrounding the cloud, and because the cloud has so undercut the pricing structure of traditional deployments, a large percentage of businesses have moved to the cloud. If/When these cloud services other than Google and MS fail, those businesses will take a huge hit and some of them could be headed under. If enough of them are headed under, he equates it with the banking problem. In other words, the contraction process will happen faster than the market can react which causes a catastrophic collapse.
Not sure I concur with the level of alarm he has, but it certainly is a risk that should be evaluated.
Biting the hand that feeds IT
