A failure of a nation to meet bond repayments has been seen on many occasions.
Anywhere from 30% to total crop failure could be seen.
Its failure can be seen in the graveyards across Ulster.
The failure of successive governments to deal with these causes must be seen as a fundamental one.
At the same time, a failure could be seen as a stunning blow to global trade talks.
During the News strike, management's failure to maintain the paper's distribution was seen as a major victory for the union.
The failure of the recall would be seen as a vote of confidence.
Or, finally, his failure to adapt himself in 1944-46 could be seen as the product of a genuine idealism.
This failure to invest for the long term can be seen also in innovation, the development of new ideas and products.
A sudden and catastrophic failure was seen as the only explanation.