logo
episode-header-image
Nov 2023
46m 57s

Never too big to fail us

Steve Keen & Phil Dobbie
About this episode
Last Wednesday Optus phone, mobile and internet users in Australia went without and sort of service for a full working day, starting from about 4 in the morning. At he same time, Thames Water in Surrey were slowly connecting back customers who had not had water supplies since the previous Saturday morning. Why are things we have always assumed we can rely on, suddenly starting to break? A spokesperson for Thames Water says the outage was because of a rare storm that only occurs every ten years. So are we now specifying infrastructure is good enough, even if it can’t cope with a one-in-ten year event? How did we get here? Is it the privatisation of these services, is it the political culture, is it ravages of uncontrolled competition or is a lack of engineering focus. Phil and Steve are joined this week by Matt Tett, who runs Ennex Test Labs, a Melbourne based company that runs performance checks on key bits of infrastructure, including equipment within telecommunication networks. What does he think we can take out from the Optus failure?

Hosted on Acast. See acast.com/privacy for more information.

Up next
Jul 9
Blowing the budget?
Financial markets don’t like it when governments announce plans to spend more money. That’s why there’s concern over Donald Trump’s Big Beautiful Bill, which will add, by some accounts, $4 trillion to the US budget deficit over the next decade. Steve Keen says it’s not a problem. ... Show More
44m 14s
Jul 2
Ditching the dollar
There’s been a lot of talk lately about de-dollarisation. In other words, global investors are parking less of their money in US dollars (in the form of US treasuries/bonds). What was once considered a safe choice, is now seen as having more risk, and that’s being accentuated rig ... Show More
41m 56s
Jun 25
Is manufacturing fetishism a problem?
There was an article in The Economist last week, shared widely in press around the globe, about the apparent fixation with manufacturing. Aussie economist Saul Eslake calls it Manufacturing Fetishism, with government support focused more on that sector than anything else. Preside ... Show More
40m 28s
Recommended Episodes
Nov 2023
How soon can I get a computer-brain implant?
You might be glad to know today was not all about OpenAI. Instead, we took on a bunch of news from the weekend that had to do with other companies:It’s a big earnings week for software companies, which means we’re about to get a bushel of information on how things are shaping up ... Show More
11m 44s
Jan 2025
Does clean hydrogen have a future? Finding a role for hydrogen in a low-carbon energy economy
Hydrogen has been called the Swiss Army knife of energy, because it has so many potential applications, from home heating to heavy industry. But so far, deployment around the world has been slow. And in recent months there has been a series of setbacks for plans to use clean hydr ... Show More
1h 8m
Jul 2024
At least 90 killed in India landslides
Dozens of people remain trapped as heavy rains hamper rescue efforts in the in the southern state of Kerala. Also: the men's triathlon event is postponed in the Paris Olympics after water tests on Tuesday showed the Seine wasn't clean enough for the swimming race, and what effect ... Show More
30m 34s
Aug 2023
Ladies and gentlemen: the dregs of the SPAC boom
This week Mary Ann and Alex got into a mix of growth stories, and some less-than-winsome on the startups that are not having the best 2023:How Lula went frugal and set itself up for a massive up-round in 2023: Mary Ann's recent reporting on Lula was perfect Equity material as it ... Show More
32m 42s
Jul 2024
Fri. 07/19 – The Big CrowdStrike Outage Explained
The big tech outage caused by a single software update that even my mom is texting me about. The new mini AI models are bring prices down as we hoped. How Netflix completely righted its ship. And, of course, the weekend longreads suggestions.Sponsors:Miro.comThe Next Wave Podcast ... Show More
18m 21s
Mar 2024
New demand is straining the grid. Here’s how to tackle it.
When Brian Janous took charge of Microsoft’s clean energy strategy in 2011, the company’s data center demand was modest. He was measuring new demand in the tens of megawatts.Over the years, that grew to hundreds of megawatts of new demand as hyperscale computing expanded. And the ... Show More
29m 59s
Oct 2024
Fixing water
In today’s episode we look at some ingenious solutions to water related problems. We start our aquatic journey by going on a tour of one of Victorian England’s most important feats of engineering. We discover a cheap and easy way to test for water quality, and learn about one of ... Show More
17m 28s
Jan 2025
What Can We Do About Wildfires? With Convective Capital’s Bill Clerico
This week on No Priors, Sarah and Elad sit down with Bill Clerico, founder of Convective Capital, an early stage venture fund focused on technology-driven solutions for wildfire mitigation and climate resilience. The wildfires in Los Angeles have caused unprecedented property dam ... Show More
37m 59s
Jul 2024
Navy Seal to maritime founder with Joe Wolfel from Terradepth
Despite the fact that water covers 71% of the Earth, there is still so much we don’t know about the ocean floor and  today’s founder is looking to change that. Joe Wolfel is the co-founder and CEO of Terradepth, the company that is working towards increasing ocean knowledge throu ... Show More
43m 53s