From the article: > These days, the Great Hanoi Rat Massacre is mostly cited as an example of the “Cobra Effect,” an economic theory about how incentives, in a

From the article: > These days, the Great Hanoi Rat Massacre is mostly cited as an example of the “Cobra Effect,” an economic theory about how incentives, in a complex system, can lead to perverse, unintended consequences. Sometimes, it’s trotted out as argument against government intervention of any kind—but Vann says that that kind of misses the point.