2008: "The UK-based IT department of the fifth largest bank continues to dwindle as more jobs go overseas... This round of cuts, starting in June and lasting 12 months, involves up to 250 permanent IT roles and 200 contractors from the bank's technical delivery division, responsible for software development and design." [1]
2018: "Timeline of trouble: how the TSB IT meltdown unfolded". [2]
It's probably more complicated than that, but perhaps not much more complicated.
> That said, I find the definition of conservatism quoted by the OP insightful: "Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect."
Insightful? I found it a straw man. I've long found left vs right to do more with personality traits. Tribalism is not reserved for either side.
On the right, people are more likely to be conservative as they prefer stability and what is known. Those on the left are not as conservative, as they prefer openness and unpredictability.
Just a few days ago, he was hoping to "make people's money back". [1]
It's a bit sad, as he appears delusional. A less forgiving viewpoint would be that his background cultivated his sense of being untouchable; that it was just a case of having another go.
But not as sad as the people who lost money they couldn't afford to lose.
It has proved successful so far. The shared-nothing, short-lived process avoids classes of issues such as with slow memory leaks, accidentally blocking event loops, and shared memory threading issues.
Most PHP sites will utilise php-fpm, so it isn't really true that each request will spawn another PHP process.
The language historically hasn't been that great, but its shared-nothing architecture has always been the good part.
2018: "Timeline of trouble: how the TSB IT meltdown unfolded". [2]
It's probably more complicated than that, but perhaps not much more complicated.
[1] https://www.itpro.co.uk/197982/lloyds-tsb-cuts-more-uk-it-jo... [2] https://www.theguardian.com/business/2018/jun/06/timeline-of...