The Big Con: Exposing the Consulting Industry

The podcast episode discusses 'The Big Con,' a new book by Mariana Mazzucato and Rosie Collington that exposes how the consulting industry weakens economists, businesses, and infantilizes governments. The authors argue that consultants have capitalized on the insecurity and lack of confidence within government institutions, offering their services to fill the capacity gaps. The discussion highlights the failures of the consulting industry during the COVID-19 pandemic, particularly in areas like Test and Trace, where consultants were highly involved but failed to achieve their objectives. The podcast explores the conflicts of interest within the consulting industry, showing how consulting firms often have connections to the private sector or other vested interests, compromising their objectivity and potentially undermining the public interest. The authors emphasize the need for governments to invest in their internal capacity and develop a purpose-driven approach, rather than relying heavily on consultants who may not have the necessary expertise or alignment with societal goals.