Business Daily meets: Mariana Mazzucato
Business Daily
BBC
4.4 • 816 Ratings
🗓️ 1 March 2024
⏱️ 18 minutes
🧾️ Download transcript
Summary
The world's major consulting firms make an estimated trillion dollars a year, directing governments and businesses on how best to govern.
But the economist Mariana Mazzucato argues that outsourcing the brain power of governments to private firms is a dangerous trend.
Ed Butler asks her why she thinks it isn't money well spent.
(Picture: Mariana Mazzucato. Credit: Getty Images)
Presented and produced by Ed Butler
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Hi, I'm Una Chaplin, and I'm the host of a new podcast called Hollywood Exiles. |
| 0:05.7 | It tells the story of how my grandfather, Charlie Chaplin, and many others, were caught up in a campaign to root out communism in Hollywood. |
| 0:15.3 | Hollywood Exiles from CBC Podcasts and the BBC World Service. Find it wherever you get your podcasts. |
| 0:24.0 | Hi there, I'm Ed Butler. Welcome to Business Daily on the BBC World Service. Today, the controversial |
| 0:29.9 | role of private consulting firms in how the world is governed. Is this a good thing? |
| 0:36.4 | Civil servants have grown to be increasingly |
| 0:38.1 | insecure and risk-averse. They've been told not to screw up, right? And the problem is the role |
| 0:45.4 | of the consulting industry and benefiting, making a hell of a lot of money from this kind of |
| 0:50.9 | empty and risk-averse government show. Yes, today on the show, a leading economist, |
| 0:56.2 | let's rip on the consultancies, |
| 0:58.9 | and the governments that she says are becoming way too dependent on them. |
| 1:03.3 | That's Business Daily from the BBC. |
| 1:07.4 | Now switch on the news these days, wherever you are in the world, and you may find yourself hearing these sorts of headlines. |
| 1:15.1 | Auditors are in the spotlight at the moment following the collapse of Carillion and other accounting scandals, while the industry watchdog, the Financial Reporting Council, is under far as... |
| 1:23.5 | One of the world's most storied and respected management consulting firms is finding itself in the subject of critical media scrutiny. |
| 1:29.7 | McKinsey has faced a slew of negative press over the past year from troubles in South Africa, |
| 1:35.1 | potentially profiting on the outcome of Puerto Rico's debt crisis, taking heat for its work with Saudi Arabia. |
| 1:41.1 | One point the firm was... |
| 1:41.9 | Please have raided the office of accounting firm Delo, Malaysia in Kuala Lumpur today, |
| 1:46.7 | believed to be in relation to the one... |
| 1:48.7 | As you can hear, in the last few years, there have been a number of scandals associated with |
| 1:54.5 | the so-called Big Four consulting firms, KPMG, Ernst & Young, Deloitte and McKinsey. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

