Part 6/16:
As the deal-making slowed, the industry pivoted. Instead of fading away, consultants shifted their focus from pure corporate restructuring to advising governments—capitalizing on their large and inefficient bureaucracies. Over the 2000s, government contracts skyrocketed, with agencies seeking external expertise to address burgeoning inefficiencies. Yet, this shift revealed a fundamental flaw: government projects often became guideless endeavors, indefensible failures with no accountable perpetrators.