Earlier quoted context omitted.
The modern commecial business corporation is ineherently a risk-externalising structure, which is specifically indicated in certain naming conventions, notably the "limited liability corporation". Legally it exists to sheild investors, as well as creditors and officers, from full personal liability. That has certain advantages, but as with all forms of impunity is subject to and the direct source of tremendous abuses…
>there's a version of Goodhart's Law [ https://en.wikipedia.org/wiki/Goodhart%27s_law ] buried in here somewhere and/or: * Campbell's law — https://en.wikipedia.org/wiki/Campbell%27s_law * the Lucas critique — https://en.wikipedia.org/wiki/Lucas_critique * the McNamara fallacy — https://en.wikipedia.org/wiki/McNamara_fallacy Previous discussion of Goodhart's law on Hacker News: https://news.ycombinator.com/item?id=23…
A good set of additions as well, McNamara Fallacy especially.