It's interesting to note something of a division between private industry and government within these posts.   It's not so much a direct comparison of smarts vs stupidity, but of cupidity vs stupidity.  Whilst both sectors can and do exhibit "stupid" behaviour, only private industry has the motivation -- cupidity -- to act "smart"; the marketplace eventually rewards smarts and punishes stupidity.  Government, on the other hand, exercises a monopoly, or near-monopoly, over the services it renders to its "customers", and extacts its dues, regardless of its performance. 

Perhaps it's odd for me to admit all this, as I am both a government employee, and politically rather liberal.  But after years in both the private and public sectors, the differences can only be described as undeniable and profound.

Cheers.