One problem is, "you mess up, you fail", is not a sufficiently effective feedback mechanism - at least since the debtors' prisons were closed, but even they wer

One problem is, "you mess up, you fail", is not a sufficiently effective feedback mechanism - at least since the debtors' prisons were closed, but even they were not effective, either. One problem is that, even under this doctrine, the risk to the individual instigator is not commensurate with the totality of the damage done. Another is that the feedback comes too late, and delayed feedback results in instability.