It is refreshing to see someone else say this. John Ralston Saul wrote about it, completely changing my view of the supposed efficiency of big business - and explain why neoliberal shibboleths like privatisation don’t result in improved efficiency.
> Big projects are hard. They're expensive. With large budgets comes lots of oversight, endless second guessing, and a zillion rules, perfected over years, to ensure money is not wasted or stolen.
Not really perfected. According to the Standish Group only 1% of “very large” software projects succeed. This would be unacceptable to most reasonable people. But the processes they use enable so many excuses for failure that accountability goes out the window. Basically, all the money is spent on risk mitigation to the point that the project fails because all the money is spent before it actually starts.
There is a huge amount of crazy that goes on when there is a crazy amount of money to play with.