If you think this kind of stuff doesn't happen in private sector tech companies, even after all the layoffs, I've got some bad news for you.
Whenever I see people ragging on governments as though they're automatically inefficient, I laugh because the implication that "private sector is always more efficient" is laughably stupid and ill-informed. People will take their liberties wherever they can get them.
The big difference is that the private sector is burning their own money. If a private company burns their own or their investors money thats on them and they’ll probably go bankrupt sooner or later. Whomever was involved in this will naturally wise up next time.
On the other hand, when public sector burns through money that money isn’t theirs. It was mostly taken away by force through taxes from private citizens. So even of they burn through any money with inefficiency, corruption, bad decision making or anything, they can demand the same or usually more of the same money next year. And next year. All the while that bureaucracy is growing and private sector is shrinking.
>If a private company burns their own or their investors money thats on them and they’ll probably go bankrupt sooner or later.
Sure, but sooner or later is quite likely to be at least a few decades from now, since this is mostly a large organization sort of thing and large companies don't tend to vanish overnight.
That might be true, although some companies pretty much vanish overnight be it small or large (eg Nokia).
If a private company is burning money slow or fast it doesn't really matter. It's their money, it's not my money.
But when I see spectacularly bad/expensive (usually both) projects financed with taxpayer's money, I definitely do want some scrutiny and responsibility. Unfortunately we don't get any of that because it's not in their interest to do so.
That stuff can happen but I've mostly worked at companies where it wasn't like that at all, not even close. And the one exception was a recently privatized ex-government org.
Whenever I see people ragging on governments as though they're automatically inefficient, I laugh because the implication that "private sector is always more efficient" is laughably stupid and ill-informed. People will take their liberties wherever they can get them.