Some truth to this (minus the ritual child sacrifice). However it’s hard to do complex ambitious things like manufacturing semiconductors or designing consumer laptops in a small company. Big problems demand a big organization and increasingly they’re what drives our economy.
The lived experience inside big companies is bad and getting worse. Consultants are a symptom of this, but I think the root cause is an insatiable demand for earnings growth and productivity which is basically a force of nature at this point. The alternative is deindustrialization or some rethinking of the social contract.