An interesting case study of what goes wrong in Government:

Asked why it had taken 13 years for the government to realise that the
CSA would not work, Mr Lewis, who joined the DWP just over a year ago,
said: "With hindsight, we should have probably reached the conclusion
earlier that there were fundamental problems here which were not going
to be addressed by piecemeal solutions." He agreed that frequent
changes of the chief executives, and of ministers and senior officials
responsible, had not helped. He also admitted that reforms had been
introduced in 2003 despite an official audit finding 14 critical
defects with the new IT system.

13 years? There’s no feedback mechanism: in markets, when something is failing, it fails and disappears. Without those pressures in the political process failure simply gets reinforced.