Actually, Bob, it's because we've had leaders who were knobs (from an administrative perspective) that we're in the sh1t now! They failed completely to align their desire for more kit with the hard reality of not enough money in the pot. It wasn't difficult to forsee the problem - plenty of people had been highlighting it. But there was a collective desire not to look facts in the face.
Personally, I'd rather have had an admin wallah in the chair if he'd had the backbone to stop the madness that was the equipment procurement programme.
Now I sound like a grumpy old man!