| ▲ | buellerbueller 14 hours ago | |||||||
It sounds like you are describing capitalism. | ||||||||
| ▲ | tony69 13 hours ago | parent [-] | |||||||
He is describing how bidding for publicly funded projects fails, because the bidding process designed to avoid corruption has been poorly designed (or corrupted by lobbying) such that it effectively sidelines honest and qualified bids. I would say this is a typical outcome with well meaning bureaucrats in a democracy, not capitalism | ||||||||
| ||||||||