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Alitalia: Closing Down on October 14 but Still Selling Tickets

Alitalia: Closing Down on October 14 but Still Selling Tickets
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Yanis Varoufakis: Draghi's Outrageous Deployment of McKinsey, Europe's Predicament, DiEM25's Proposals

Yves here. Independent of Varoufakis’ questioning McKinsey’s ethics, as we and many others have (see for instance our recent post, Goldman Is Evil But McKinsey Is Worse), the Greek economist is correct to call out how the Italian government is engaging McKinsey in a role that usurps democratic rule.
McKinsey has clearly and consistently worked to increase the power and pay of executives relative to low-level laborers, as an Atlantic story last year, How McKinsey Destroyed the Middle Class, describes in compelling detail. Or better yet, see an insider account from Current Affairs: McKinsey & Company: Capital’s Willing Executioners. ....

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