Business

Romney would get McKinsey Consulting to guide him for running the country !

Romney would get McKinsey Consulting to guide him for running the country !

Mitt Romney, during his 2012 presidential campaign, proposed bringing in McKinsey & Company — the global management consulting giant where he began his business career before co-founding Bain Capital — to conduct a comprehensive review of the federal government with an eye toward restructuring and efficiency improvements.

The proposal reflected Romney's core campaign argument: that the federal government suffered from the same inefficiencies, bloat, and misaligned incentives that he had spent his career at Bain identifying and correcting in the private sector, and that a businessman's analytical approach could yield significant savings.

Romney, who had earned an MBA from Harvard Business School and worked briefly at Boston Consulting Group before joining Bain, spoke frequently of applying "management principles" to government — identifying redundancies, eliminating programs that failed cost-benefit analyses, and restructuring agencies the way a private equity firm might restructure an underperforming portfolio company.

Critics of the proposal raised several objections. Government exists to serve public functions — including many that are deliberately not profit-optimizing — that management consulting frameworks are not designed to evaluate. Efficiency in the private sector often means layoffs and service reductions; the same logic applied to government would mean cutting services that citizens depend on and that often serve the most vulnerable populations.

Supporters countered that waste, duplication, and bureaucratic inefficiency in government were genuine problems that cost taxpayers billions of dollars annually, and that bringing rigorous analytical scrutiny to federal spending was long overdue regardless of which party implemented it.

The debate over Romney's proposal illustrated a perennial tension in American political life: the appeal of businesslike efficiency in government set against the reality that democratic governance serves purposes and constituencies that don't fit neatly into a McKinsey deck.

economyIranMitt Romneytime

Related Stories

Water Crisis: Cities Running Dry Across India
Politics

Water Crisis: Cities Running Dry Across India

Delhi's groundwater levels have fallen approximately one meter per year for two decades—a decline that is measurable, inexorable, and unsustainable. Bangalore's aquifers are nearly depleted despite being a major metropol...