I don’t understand why there’s no secondary option if Strait of Hormuz goes down. Obviously there are alternative routes out there but why big gas companies even governments did not see this coming. Are they okay losing billions? Or do they actually have a plan that ordinary people don’t know about?
SO IS THE ANCIENT WORLD. That’s my point. People, in general, are bad at long term planning, and we should not have so much hubris as to believe we have improved on this state of affairs. The old yiddish proverb “Man plans, god laughs” is as poignant today as it was in the past.
The null hypothesis here should be “this happened because people are dumb and the world is chaotic”. The world today is significantly less dumb and chaotic than it was in the past, and that’s great! But it is rather entitled to think that we should expect the world to be orderly and prosperous as a rule. Shit happens. Assholes gain power and start wars. Sometimes things that were abundant become scarcer. This isn’t a capitalism thing - this shit has been going on since the dawn of civilization.