Well the original article talks about how the work that a software company does in a year, can be done in a few months by a freelance developer with zero bureau

Well the original article talks about how the work that a software company does in a year, can be done in a few months by a freelance developer with zero bureaucratic overhead. But which freelance developer? For every freelance developer that succeeds, there will probably be ten or a hundred that fail, or push out a mediocre product. This is what all the meetings and design docs and testing is for. To increase the chance of success. I'm sure the same can be said for the academic world. If I was in academia and I was given funding without oversight, I would probably waste it all on researching things I found interesting but weren't necessarily useful to anybody. If you don't want to have to justify your expenses, then just fund it yourself.