Panama celebrates a quarter-century’s ownership of its greatest asset
New Year’s marked the twenty-fifth anniversary of the collective freakout known as Y2K, when overwrought tech aficionados joined forces with Luddites to warn the world of the pending apocalypse of computer infrastructure that could run the global economy but was evidently incapable of resetting to “00” in date codes. Those chiliastic projections obviously did not come to pass, which is why we can spend 2025 reflecting on the twenty-fifth anniversary of the day’s other Chicken Little situation — consternation over the transition that would, some skeptical parties feared, have catastrophic consequences for infrastructure central to the daily functioning of global markets, the final turnover of the Panama Canal.