Honestly, having worked directly & indirectly for a multitude of large enterprises over the last couple of decades, every large organisation suffers from this.
It doesn't matter if their private, local, state, or federal government, charity, or whatever - the larger the organisation, the less efficient, and more failed projects there will be.
My personal opinion is that this is caused by a combination of communication overhead, politics, and larger organisations giving more places for useless / lazy people to hide.
One expects this kind of behavior from the government, but business setting huge pile of cash on fire still attracts attention.
Honestly, having worked directly & indirectly for a multitude of large enterprises over the last couple of decades, every large organisation suffers from this.
It doesn't matter if their private, local, state, or federal government, charity, or whatever - the larger the organisation, the less efficient, and more failed projects there will be.
My personal opinion is that this is caused by a combination of communication overhead, politics, and larger organisations giving more places for useless / lazy people to hide.
The £10bn one under Tony Blair?