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Both private sector and public sector (central planning) business activities have their share of corrupt individuals, but the fundamental difference is that central planning has a self-interest of growing the empire of the central planners, coupled with the force of law.   So when it comes to projects such as HSR, the issue is not so much whether the private sector or the public sector would be the least corrupt.  The issue is that if there is no genuine public need for HSR, the private sector will realize that, and therefore not pursue HSR.  Whereas the public sector is liable to pursue HSR for the purpose of expanding its own empire even if there is no public need for HSR.
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