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NancyLebovitz comments on What false beliefs have you held and why were you wrong? - Less Wrong Discussion
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I used to believe that no one would loot a large organization (especially in the first world) from the top. It took me a while to realize anyone could want that much money.
The comment has five karma points, so I may not be the only person who had that blind spot. I suspect in my case that having grown up slightly upper middle class contributed to my false belief-- it was a combination of comfort/security with limited ambition.
Could you give an example of someone looting a large organization in the first world?
The recent history of the state of Illinois.
The terrible CEO of Sears comes to mind.
That link claims that (1) he is incompetent and (2) he is liquidating the company. The two claims are not compatible. Nor does either constitute "looting." Looting is intentional behavior, not incompetence. If you do think liquidating a company is "looting," you could have just said so, rather than linking to an article and letting me figure out the behavior you meant. And there are a lot more examples of liquidation.
I don't think it's reasonable to expect someone who you disagree with about the meaning of a word used in an unusual context to know you disagree with them and mention it in advance.
It's not an unusual context, but that doesn't meant that it means anything beyond negative affect.