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For the recent big outage in France, neither of those was the problem. Some big transformers overloaded and there wasn't enough redundancy.
> Now everyone has all their eggs in the Amazon/Microsoft/Google basket, and instead of the (ahem, regulated) telco or electric company going out...the cloud provider does, and unlike before where you could still work locally - now you can't do anything.
> But hey, it was cheaper, right?
> Oops...
I'm not sure what you mean by "oops". Those datacenters do have downtime but companies seem to be happy sticking with them anyway. It seems like it still saves money.