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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mamot.fr/users/pluralistic/statuses/113697070282408944">Cory Doctorow (pluralistic@mamot.fr)'s status on Monday, 23-Dec-2024 00:00:17 JST</a><a href="https://mamot.fr/@pluralistic" title="pluralistic@mamot.fr"><img src="https://gnusocial.jp/avatar/1478-48-20250110225240.webp" width="48" height="48" alt="Cory Doctorow" style="position: absolute; left: 0; top: 0;">Cory Doctorow</a><div><a href="https://mamot.fr/@pluralistic/113697056214351716" rel="in-reply-to">in reply to</a></div></section><article><p>McKinsey pulls the strings and siphons billions out of the Puerto Rico bankruptcy, ICE kids in cages, Space Force boondoggles and more. The US government pays $3m/year for a fresh-out-of-college McKinsey "consultant."</p><p>by <a href="https://mamot.fr/tags/MattStoller" rel="tag">#MattStoller</a> <br><a href="https://www.thebignewsletter.com/p/cutting-government-is-easy-if-you" rel="nofollow noreferrer">https://www.thebignewsletter.com/p/cutting-government-is-easy-if-you</a></p><p><a href="https://mamot.fr/tags/doge" rel="tag">#doge</a> <a href="https://mamot.fr/tags/corruption" rel="tag">#corruption</a> <a href="https://mamot.fr/tags/mckinsey" rel="tag">#mckinsey</a></p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/4236360#notice-8279488">In conversation</a><time datetime="2024-12-23T00:00:17+09:00" title="Monday, 23-Dec-2024 00:00:17 JST">about 5 months ago</time> <span>from <span><a href="https://mamot.fr/@pluralistic/113697070282408944" rel="external" title="Sent from mamot.fr via ActivityPub">mamot.fr</a></span></span><a href="https://mamot.fr/@pluralistic/113697070282408944">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: substackcdn.com</div><h5><a href="https://www.thebignewsletter.com/p/cutting-government-is-easy-if-you#doge">Cutting Government Is Easy... If You Go After McKinsey</a></h5><div> from <span>Matt Stoller</span></div></header><div>Elon Musk engineered a panic over government spending, thwarting major PBM reform and bans on junk fees. But cutting government spending is easy, if you take on power. And therein lies the rub.</div><footer></footer></article></li><li><label><a rel="external" href="https://gnusocial.jp/attachment/3753994">In the first Trump administration, U.S. Immigration and Customs Enforcement not only used McKinsey extensively, it even hired McKinsey to write its own contract. During the bankruptcy of Puerto Rico, the firm helped ensure that the island spent at least $1.5 billion on professional services, aka consultants and lawyers, even as its internal hedge fund owned Puerto Rican bonds. It hasn’t gotten better under Biden. Earlier this year, McKinsey got a sole source contract to work for Space Force. And it sells an extremely expensive service for government; just one recent college graduate working at McKinsey is billed out at around $3 million a year.</a></label><br><a href="https://static.mamot.fr/media_attachments/files/113/697/062/111/347/229/original/849f11302a1ac1d3.png" rel="external">https://static.mamot.fr/media_attachments/files/113/697/062/111/347/229/original/849f11302a1ac1d3.png</a></li></ol></footer></blockquote>

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Cory Doctorow (pluralistic@mamot.fr)'s status on Monday, 23-Dec-2024 00:00:17 JST Cory Doctorow
in reply to
McKinsey pulls the strings and siphons billions out of the Puerto Rico bankruptcy, ICE kids in cages, Space Force boondoggles and more. The US government pays $3m/year for a fresh-out-of-college McKinsey "consultant."
by #MattStoller
https://www.thebignewsletter.com/p/cutting-government-is-easy-if-you
#doge #corruption #mckinsey
In conversationabout 5 months ago from mamot.frpermalink
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  Cutting Government Is Easy... If You Go After McKinsey
  from Matt Stoller
  Elon Musk engineered a panic over government spending, thwarting major PBM reform and bans on junk fees. But cutting government spending is easy, if you take on power. And therein lies the rub.
2. In the first Trump administration, U.S. Immigration and Customs Enforcement not only used McKinsey extensively, it even hired McKinsey to write its own contract. During the bankruptcy of Puerto Rico, the firm helped ensure that the island spent at least $1.5 billion on professional services, aka consultants and lawyers, even as its internal hedge fund owned Puerto Rican bonds. It hasn’t gotten better under Biden. Earlier this year, McKinsey got a sole source contract to work for Space Force. And it sells an extremely expensive service for government; just one recent college graduate working at McKinsey is billed out at around $3 million a year.
  https://static.mamot.fr/media_attachments/files/113/697/062/111/347/229/original/849f11302a1ac1d3.png

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