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I bet you could find examples of private companies don't it better. Find the ones with government contracts, and see how much government money they figure out how to spend. When the incentives are there, I bet they figure out how to waste massive amounts.
That's a great point. It would be interesting to somehow compare the rate of administrative bloat in academia and medicine to that in the government itself. I don't know how to do that properly, but you might be onto something.
It's definitely an example where the private sector is incentivized to waste. Probably look into contractors who work for the military for instance.
That was the example I had heard someone bring up. Military contractors produce death and destruction at a fraction of the cost (while paying their workers more).
They probably waste more too. Right into their own pockets
Sometimes, people like to be cute and say the government is better at killing, destroying, and otherwise wasting resources. However, I suspect that the private sector is better at those things, too (they just aren't incentivized to do them).