The Realignment 353 | How the Consulting Industry Warped the Economy, Infantilized Government, and Weakened Business with Mariana Mazzucato
21 snips
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.
AI Snips
Chapters
Transcript
Episode notes
Short-Termism in Public and Private Sectors
- Both the public and private sectors suffer from short-termism, hindering ambitious projects.
- This short-termism prevents effective collaboration on large-scale problems like climate change.
Outsourcing's Negative Impact on Government
- Excessive outsourcing by governments diminishes their internal capacity and expertise.
- The consulting industry thrives on this weakness, creating a potentially harmful cycle.
CHIPS Act vs. EasyJet Bailout
- The CHIPS Act demonstrates conditionality in government support by linking aid to social and environmental goals.
- This contrasts with unconditional bailouts like the one given to EasyJet in the UK.