Harvard, McKinsey and Davos Are Paying for Neoliberalism’s Sins
https://www.bloomberg.com/opinion/articles/2025-06-06/harvard-mckinsey-and-davos-are-paying-for-neoliberalism-s-sins
Adrian Wooldridge:
Three institutions stood at the heart of the neoliberal regime that ran the world from the 1980s onward: Harvard University, McKinsey & Co. and the World Economic Forum (WEF). Harvard and McKinsey were the premier training grounds for the emerging global elite. The WEF’s annual meeting at Davos was the annual meet-and-greet party for the people who had made it (and their journalistic chroniclers). All three institutions reinforced each other during the glory years of neoliberalism.
And all three are currently in crisis. Their travails tell us a great deal about what was wrong with an idea that once delivered a necessary shock to a sclerotic Keynesian regime but was corrupted by its crude celebration of success. They can only recover their former vitality if they reflect seriously on what went wrong during the rah-rah years — and on their own central role in creating our current malaise.
https://www.bloomberg.com/opinion/articles/2025-06-06/harvard-mckinsey-and-davos-are-paying-for-neoliberalism-s-sins
Adrian Wooldridge:
Three institutions stood at the heart of the neoliberal regime that ran the world from the 1980s onward: Harvard University, McKinsey & Co. and the World Economic Forum (WEF). Harvard and McKinsey were the premier training grounds for the emerging global elite. The WEF’s annual meeting at Davos was the annual meet-and-greet party for the people who had made it (and their journalistic chroniclers). All three institutions reinforced each other during the glory years of neoliberalism.
And all three are currently in crisis. Their travails tell us a great deal about what was wrong with an idea that once delivered a necessary shock to a sclerotic Keynesian regime but was corrupted by its crude celebration of success. They can only recover their former vitality if they reflect seriously on what went wrong during the rah-rah years — and on their own central role in creating our current malaise.