Downstream: The Big Con w/ Mariana Mazzucato

Novara Media

Politics, News, Society & Culture, Philosophy

4.8 • 1.5K Ratings

🗓️ 28 February 2023

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

The management consultancy industry is worth around a trillion dollars, yet few people on the street could tell you what all that money is for. Much of it is spent by governments, with the UK leading the charge. A huge range of services are contracted out to these huge, opaque companies. And in the long […]

Transcript

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0:00.0	What do management consultants do?
0:11.4	I think it's an important question because this is a global industry worth as much as
0:16.4	a trillion dollars and yet if you are somebody like my dad, he drives a taxi for a living,
0:21.4	what does a management consultant?
0:22.9	He wouldn't have the faintest idea yet they plan an increasingly prominent role in the
0:27.5	public sector with extraordinarily large public contracts, whether it's Test and Trace
0:32.0	or delivering healthcare websites to the United States and of course they're in business
0:36.8	too.
0:37.8	A new book by Mariana Matsukato, The Big Con, makes some pretty provocative statements.
0:43.4	It says that actually consultants don't just undermine democracy, they lead to less
0:48.6	effective government.
0:50.7	Mariana, welcome to Downstream.
0:52.2	Thank you.
0:53.2	I'm very happy to be here.
0:54.2	How are you doing more generally at the moment?
0:55.2	Post-COVID.
0:56.2	You really want to know?
0:57.2	Post-COVID.
0:58.2	Oh my God.
0:59.2	Actually, fine.
1:00.2	I'm thrilled because this week I got to speak a lot with the Prime Minister of Barbados.
1:04.1	I think it's the hero of the 21st century.
	...

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