Governments can be fatally dysfunctional before they are overthrown. In this analogy, prior to a shareholder revolt (which do happen), usually the company just goes bankrupt.

Now introduce a powerful union - and now you have TWO incompetent authorities fighting one another, which often results in a hopelessly ineffective company - not a better one.

I appreciate the humor in your responses - but the difference is that my examples were real-world examples - not theoretical.

A company cannot put process in front of every theoretical risk - that will just run you into the ground because an unbounded inefficiency.