Seems like you are stretching for an excuse to hate on libertarianism. The key difference between a private company and a government pissing away money and man hours is one is using their own money and the other is using the tax payer's money (I'm lumping government contractors in with the government in that case).
The government is notorious for having so many layers of crap bureaucracy. Many companies do as well but when someone like HP waists money internally, who cares? They are a failing business anyways. When HP waists government money, however, then they are just as bad as the government squandering money.