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Join this channel to get access to perks: / @thewolffresponds ---------------------------- A deep dive into the management consulting industry, from its "golden age" in the 1990s M&A boom to the existential crisis it faces today. This analysis explores the core structural flaws—a model built on inexperienced graduates and a complete lack of accountability. When examining the industry's claims, a sharp wolff responds by detailing the high-profile scandals, from OxyContin to tax leaks. We also explore the real reasons firms are hired: liability deflection, executive "ass covering," and political revolving doors. To the idea that consultants provide unique value, this wolff responds analysis shows how AI is automating their core services. As the industry's prestige fades, a critical wolff responds by questioning its entire future. The video also covers the internal culture of "insecure overachievers" and the "up or out" system. As the consulting model unravels, this wolff responds commentary argues the "illusion of value" is shattering. The final segment is a wolff responds deep-dive into how tech-first competitors are offering tangible products, not just slide decks, signaling a potential end to the industry as we know it. ---------------------------- Keymoment 00:00 The Pivot: How consulting grew rich on 1990s M&A "cleanup," then pivoted to massive government contracts after the Enron crash. 08:30 Three Core Structural Flaws: Analyzing the model's reliance on inexperienced graduates, the "up or out" culture, and the total lack of accountability ("no skin in the game"). 16:15 The Cynical Utility: The real reasons consultants are hired—liability deflection ("ass covering"), justifying unpopular decisions, and the corrupt "revolving door." 24:40 The Existential Crisis: How AI is automating the industry's "grunt work," causing fee compression, mass layoffs, and a "talent drain" as prestige vanishes. 32:50 Major Ethical Scandals: A review of the industry's darkest moments, including its role in the opioid crisis and major government tax leaks. ------------------------------------- #economics #politicaleconomy #mindtofree ⚠️ Disclaimer The content on this channel is for informational and educational purposes only. Our videos may explore unverified information or theories sourced from public reports and media. This content should not be interpreted as confirmed fact. Intent: MIND OF FREE does not seek to discredit or defame any individuals, organizations, or groups. Our goal is to encourage thoughtful dialogue and critical analysis. Please note that the views and opinions expressed on this channel are solely those of the individuals involved and do not necessarily reflect the official position of the channel owner or any affiliated organizations. We do not promote or condone violence or any illegal activities. Any mention of such acts is strictly for the purpose of discussion and analysis.