No-no, this is not examples of ordinary wastefullness and 'crash', these were outright fraud.

The exact same thing the OP accuses government grants of perpetuating.

Your post is a perfect example that with startups that's just accepted and glossed over.

Well maybe because in government grants waste and fraud are the rule, while in private startups they are the exception.

And it is the investors problem when a startup fails, and they are aware of it. But with governments, it is OUR money squandered away by politicians and their friends.

> Well maybe because in government grants waste and fraud are the rule, while in private startups they are the exception.

Are they really? What are the failure rates for both?

> But with governments, it is OUR money squandered away by politicians and their friends.

https://qz.com/1719019/wework-and-ubers-losses-may-be-subsid...

https://www.businessinsider.com/weworks-investors-include-pe...