"We need to move from this era of the bully to an era of the brave." So testified Athol Williams in front of South Africa's State Capture Commission, in charge of investigating "state capture" (where the entire state becomes part of a corrupt regime) during the Zuma administration during the 2010s. In this fascinating book, Williams sets forth the role of Bain Capital (the prestigious consulting firm) in the state capture of SARS (the South African equivalent of the IRS). Williams describes some of the worst corporate corruption I think I've ever seen, incredibly sad too, as the money stolen is money so desperately needed by the poor (especially) of South Africa. Surely, the role of a consultant isn't merely to provide advice while the store is being looted. And here there's clearly a constructive involvement in state capture.
I was just in South Africa and driving past the enormous squatters camp of Khayelitsha Township - some 2.5+ million strong - these are people living in tin sheds, with no running water - I kept asking - 28 years post-Apartheid this is all they have to show. Turns out so much money has been stolen and redirected into the pockets of corrupt government agents and their enablers, that very little progress has been made (not zero progress, but compare West Germany 28 years after World War II). This is grossly obscenely unethical behavior, and the participation of companies like Bain Capital in this type of thing is quite disturbing, even depressing. First the West loots Africa for its material resources, now it just takes the capital outright.
Athol Williams is a brave man - and a poet as well - I first heard of him as I saw he had spoken at Cape Town Poets the Monday before the session I was able to attend - and was surprised to find his story - a poet activist! Poet whistleblower! But sad to learn he felt had to leave South Africa and go into hiding because of the backlash. He's back now.
The story isn't dead - articles in the Guardian (where a Labour politician is seeking to ban Bain from any UK contracts) and the Daily Maverick in just the past week show that this story hasn't ended.
Regardless - this book should be read by all students in business schools (and maybe law schools as well) - this behavior cannot and should not pay and people engaged in these types of activities should be called to account. And please - South Africa? It's one thing when the rich are ripping each other off - but participating in the looting of the third word even if in collusion with its own leaders is a doubly heinous crime. Maybe these Bain people should spend a week in Khayelitsha Township, maybe when it rains and the water on the floor gets a foot deep, as part of their "reconciliation", or have their kids play some soccer with the ones on the fields right along the dangerous highway, as they have nowhere else to play.