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The Realignment
353 | How the Consulting Industry Warped the Economy, Infantilized Government, and Weakened Business with Mariana Mazzucato
Mar 14, 2023
Author Mariana Mazzucato discusses the negative impact of the consulting industry in government and business, highlighting short-termism, outsourcing, and the importance of addressing global challenges collectively. They also explore the role of consultants in government funding and propose solutions for finding the proper balance between the private sector, public sector, and consulting industry.
49:19
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Quick takeaways
- Collaboration among different sectors is crucial for addressing global problems, requiring well-governed sectors that work together towards common goals.
- Relying on consultants to fill gaps in the public sector's capacity and innovation leads to a less capable government and a reliance on an industry that benefits from government inefficiency.
Deep dives
The importance of collaboration between public and private sectors in solving global challenges
The speaker emphasizes the need for different actors in the economic system to work together to address global problems such as climate change, health systems, and the digital divide. This collaboration necessitates well-governed individual sectors and an understanding of how they can work together to achieve common goals.
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