[zetalyrae]

Sometimes you can be in a situation where every actor taking locally-rational actions leads to globally catastrophic outcomes. It would be easy to argue I think that the July Crisis was like this: if you look at the incentives of each player, they had many reasons to do what they did, and nobody can perfectly what all other players will do, or what the future holds.

[fellowniusmonk]

Combine the two generals game with the implications of value based pricing. Catastrophic unaffordability is a guarantee.