The Big Con

The book explores the entrenched ties connecting the consulting industry with risk-averse governments and companies focused purely on maximizing shareholder value. Authors Mariana Mazzucato and Rosie Collington argue that reliance on firms like McKinsey, Boston Consulting Group, Bain & Company, PwC, Deloitte, KPMG, and EY can stifle innovation, obscure corporate and political accountability, and hinder efforts to address climate change. The 'Big Con' thrives in modern economies because consultancies have amassed significant influence through extensive contracts and networks, acting as advisors, legitimators, and outsourcing agents, all while maintaining the façade of being neutral experts. This phenomenon weakens businesses, oversimplifies government functions, and distorts economic structures. Mazzucato and Collington thoroughly challenge the widespread belief that consultancies inherently benefit the economy. Through detailed research, they advocate for investing in collective intelligence within organizations and societies and call for a refreshed approach where both public and private entities collaborate creatively for the greater good. The authors urge a redefinition of the consultant's role to rebuild dynamic and effective economies and governments.