I've only ever worked in a private sector Job, lots of waste and the spunking of money hand over fist on vanity projects and for the bosses that I've worked for who were elevated far beyond their ability, I've also worked for some excellent gaffers, when i started my apprenticeship in 1978 an old boy who i became friendly with introduced me to the phrase, "penny wise pound foolish" and that's how I would describe the private sector now as it was back then.