[danson]

I think his point is that even with the current levels of vigilance and competence (which unarguably can and should be improved) the actualized impact was "minimal".

In other words, the expected scale of "disaster" here matters when assessing risk vs current operational fitness.

[cinntaile]

It's a bit strange to describe a total cost of $100+ billion as "minimal".

[mpweiher]

I am talking about actual effects, not effects due to overreaction.

If you count effects due to overreaction, you can also count Germany's Atomausstieg, which almost certainly materially contributed to Putin's decision to invade Ukraine...

[mpweiher]

Well put, thank you!