Consultants and the Crisis of Capitalism
McKinsey & Company’s many high-profile scandals are only the tip of the iceberg. The growing reliance on big consultancies with extractive business models is stunting state capacity and undermining democratic accountability at a time when we need governments to help transform our economies in the public interest.
LONDON – In recent years, McKinsey & Company has become a household name – but for all the wrong reasons. One of the “Big Three” consulting firms, its work for major corporations and governments has increasingly become a source of scandal and intrigue around the world.