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When someone says that something like this couldn’t happen here, the word “here” usually refers to a place that seems stable or a group that believes itself to be immune to the usual problems. This confidence may be sincere yet misguided, especially when small warning signs are dismissed as mere annoyances rather than as warnings. History repeatedly shows that institutions can falter and infrastructure can collapse, often because incentives lead intelligent people to make bad decisions. Here are twenty instances where people assumed that a certain kind of failure was unlikely, only to see it happen anyway.

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