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The Realignment

353 | How the Consulting Industry Warped the Economy, Infantilized Government, and Weakened Business with Mariana Mazzucato

The Realignment

The Realignment

Saager Enjeti, Technology, Policy, News, Marshall Kosloff, International Relations, Politics, News Commentary, Public Policy, U.s. Politics, National Security, Economics

4.82.5K Ratings

🗓️ 14 March 2023

⏱️ 49 minutes

🧾️ Download transcript

Summary

Mariana Mazzucato, author (with Rosie Collington) of The Big Con: How the Consulting Industry Weakens Our Businesses, Infantilizes Our Governments, and Warps Our Economies, joins The Realignment. Mariana and Marshall discuss how her critique of consulting fits into her previous work on the future of capitalism, the failures of "expert" consultants in business and government, from Healthcare.gov to COVID, and what a reformed role for the industry looks like.

Transcript

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0:00.0

Marshall here. Welcome back to the Realignment.

0:08.4

Before we get into the episode, if you'd like to support the Realignment monetarily

0:13.0

and get access to exclusive content, you could either support our Supercast or you can

0:18.6

subscribe to the Realignment newsletter on Substack. The Realignment Supercast is where

0:23.7

Saga and I answer exclusive audience member questions. We release previews of those conversations.

0:30.0

So if you'd like to see a preview, check the previous episode before this one on Friday.

0:34.8

You can go to realignment.supercast.com to get a link to that or go to the show notes.

0:40.7

Secondly, you can also, in addition, subscribe to the Realignment's Substack newsletter where I write

0:46.7

an exclusive substack that comes out every two weeks on those alternating Fridays as well too.

0:52.4

Lots of great stuff. Really appreciate the support. And of course, these episodes will always remain

0:57.5

free on today's conversation then. Mariana Matsukato is one of the most interesting economic

1:03.7

policy thinkers in the business today. Her previous books include the value of everything,

1:08.2

making and taking in the global economy, mission economy, a moonshot guide to changing capitalism,

1:13.8

and the entrepreneurial state debunking public first private sector myths. Her latest book,

1:20.6

The Big Con, ribries together over previous work through the lens of analyzing the negative role

1:25.6

of the consulting industry plays in the public and private sectors. Zooming out though,

1:29.8

the episode isn't really just about one industry or one sector dominating the other or not

1:35.2

existing at home, the case was consulting. Mariana thinks that the public and private sectors

1:40.0

both have huge roles to play in resolving big issues. You could see our conversations really

1:45.2

interesting discussion about Tesla and government loans after the 2008 financial crisis.

1:50.8

And of course, there's even a role for consulting there too. The position is a little more nuanced

1:54.8

to do things from the book title. The key really is separating the myths from the facts,

...

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