Agree. Very hard problems or big investments (e.g. rail network, infrastructure at a country level, basic research with high risk of failure that will take deca

Agree. Very hard problems or big investments (e.g. rail network, infrastructure at a country level, basic research with high risk of failure that will take decades) you usually have some form of state agency running it. PS: have not heard a good word about academia from numerous friends in it. Might be regional (EU) but still...