This is why huge, govt-subsidized projects often fail. The people that conceive and plan these projects with govt. aid do not bear the full extent of its failu

This is why huge, govt-subsidized projects often fail. The people that conceive and plan these projects with govt. aid do not bear the full extent of its failure. They don't have skin in the game. Perversely, sometimes its better for their career to helm or participate in a failed large prestige project than it would be to participate in more successful smaller projects. Europe isn't alone in these debacles. Military procurement in the USA is rife with the same BS. And I don't want to pretend like private companies don't do the same thing on their own (Google Plus anyone?) ... but at least private companies pay the costs on their own and make the heads of failed projects feel the pain (or if they don't ... the companies go out of business or get cut down to size soon enough ... like HP).