As one had wrote 2-3 grant proposal during graduate studies, my takeaway is that the system failed to give the really impactful ideas the right amount of resources.
That's matching a 2-day-old submission [1] about peer-reviewed research papers are becoming boring, as another sign that the existing research management systems are not producing interesting results, even just from reading the papers, which presumably is already the most interesting thing can be produced from a research project.