It's being run by people for whom money is always the first concern and the final arbiter. Not results, not public health, not having a well-equipped military....money.

There's your problem. These are not "idiots", these are people operating according to a faulty premise: that money matters more than anything else does.

That is an idiotic premise, of course. ;-) Okay...maybe they are idiots, but not in their own terms. Arseholes? Well...possibly. Traitors to their own land and people? Very possibly.