Is the consulting firm McKinsey & Co diabolical?
“Like so many chain smokers, McKinsey couldn’t resist the lure of cigarettes,” they wrote. “The benefits were too addictive.”
iPhone and missiles
Anyone who’s worked in the business world shouldn’t take it as a revelation the news that companies seek profit by selling legal products. Credible companies operate within the boundaries set by society through the government.
What may be most remarkable about When McKinsey comes to town It is not that McKinsey told Philip Morris in 1956 to recycle tobacco waste, but that experienced journalists and their editors propagate and profit from a grassroots rejection of American and Western prosperity, which in turn provided the military resources to protect democracy around the world. iPhones help pay for Ukrainian missiles.
The New York Times is, in many ways, the McKinsey of global media: watched, revered, copied. What he posts matters. He hired a writer from New Yorker – another elite outlet – to approvingly review the work of its staff.
“The portrait this book creates is of a profit-seeking corporation spreading the gospel of downsizing and outsourcing, its leaders virtually detached from any guiding principle or moral code,” Sheelah wrote. Kolhatkar.
“If there’s a pro-McKinsey case to be made – one imagines it would be based on arguments about promoting ‘efficiency’ in the economy – it won’t be found here.”
Quotation marks around efficiency are unnecessary but suggest that while corporate media resistance to economic globalization is long overdue, it may be strengthening.
In 1999, New York Times columnist Thomas Friedman published the Lexus and Oliver, who advocated free trade and the opening of economies. The United States and most of the West had enriched everyone, Friedman explained, by moving factories to the developing world. Changing jobs was painful, but mutually beneficial, a truth that should be apparent by full employment and deindustrialization in suburban Melbourne and Chicago today.
Then we had a McKinsey book in 2013 by Canadian journalist Duff McDonald, The company, which absurdly blamed a company for historic economic change. McKinsey, he wrote, could be “the biggest legitimizer of mass layoffs than anyone, anywhere, at any time in modern history.”
One of the great honest stories of American manufacturing industry appeared in American factory, a 2019 documentary about a Chinese company that opens a windshield manufacturing facility in a former car factory in Ohio. Americans are excited about the 2,000 new jobs but, undereducated and demotivated, are resisting weekend work and trying to unionize.
American factory delivered an unpleasant message: although it is a despotic state, there are compelling reasons to move manufacturing to China. McKinsey and much larger but less advertised consulting firms, including Infosys and Accenture, are just facilitators of an economic reality.
In 1970, the West produced 56% of world production and Asia 19%. Today, the respective figures are 37% and 43%, according to capitalism alone by Branko Milanovic.
The Serbian-American economist highlighted how this rebalancing has affected the vision of globalization, which is supported by 91% of Vietnamese and only 37% of its former colonial masters, the French, who have been the main drivers of the greatest example of voluntary international. integration in history, the European Union.
The West, it seems, forgets how it got rich.
Does that mean McKinsey is good? Successful, self-satisfied and secretive, the company is easy to resent. Many others try harder to pretend to be altruistic. Few have been able to build such a mystique.
As a for-profit company, it’s clear that McKinsey is great. As for morality, maybe that’s the wrong question, given that it’s a business and not a religion.