EAN: 9780241573099

THE BIG CON - MARIANA MAZZUCATO ROSIE COLLINGTO...

There is an entrenched relationship between the consulting industry and the way business and
government are managed today which must change. Mariana Mazzucato and Rosie Collington show
that our economies' reliance on companies such as McKinsey  Boston Consulting Group  Bain &
Company  PwC  Deloitte  KPMG and EY stunts innovation  obfuscates corporate and political
accountability and impedes our collective mission of halting climate breakdown. The 'Big Con'
describes the confidence trick the consulting industry performs in contracts with hollowed-out
and risk-averse governments and shareholder value-maximizing firms. It grew from the 1980s and
1990s in the wake of reforms by both the neoliberal right and Third Way progressives  and it
thrives on the ills of modern capitalism  from financialization and privatization to the
climate crisis. It is possible because of the unique power that big consultancies wield through
extensive contracts and networks - as advisors  legitimators and outsourcers - and the illusion
that they are objective sources of expertise and capacity. To make matters worse  our best and
brightest graduates are often redirected away from public service into consulting. In all these
ways  the Big Con weakens our businesses  infantilizes our governments and warps our economies.
Mazzucato and Collington expertly debunk the myth that consultancies always add value to the
economy. With a wealth of original research  they argue brilliantly for investment and
collective intelligence within all organizations and communities  and for a new system in which
public and private sectors work innovatively for the common good. We must recalibrate the role
of consultants and rebuild economies and governments that are fit for purpose.

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