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by bcg1
3378 days ago
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Sorry, but this article is kind of full of assumptions and it has more storytelling than facts. Multiple times author says "I have no objective measure but one time I met a guy..." Perhaps the worst assumption is that we have a capitalist economy/society and thus its ills can safely be attributed to capitalism. In America at least, we have a mixed economy in which the state is deeply influential in most industries through regulation and/or outright participation. Additionally, all income can potentially be taxed and interest rates and money supply are controlled by a quasi-governmental corporation (and since barter is rare, money is in general half of every transaction). I would suggest that it is possible that many (or a majority?) of the "pointless" jobs exist because the income tax (if people aren't working, they aren't being taxed) and because of government laws and regulations (more laws and regs = more pointless paper pushing = more people being taxed). My theory has as much logical support as the author provides at least. Also might want to look up the term "contrafreeloading" |
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Look at the jobs he cites as meaningless: It’s not entirely clear how humanity would suffer were all private equity CEOs, lobbyists, PR researchers, actuaries, telemarketers, bailiffs or legal consultants to similarly vanish.
Bailiffs, lobbyists and legal consultants are directly tied to state actions. Private equity CEOs and actuaries directly benefit from a century of monetary policy that slants the playing field toward finance. 5/7ths of the examples he came up with rely on state intervention for their existence, and yet he blames capitalism.
Even his musician/corporate lawyer friend owes his own employment to the vast swaths of corporate laws and regulations that exist.
Then he finishes with this: If someone had designed a work regime perfectly suited to maintaining the power of finance capital, it’s hard to see how they could have done a better job.
Again, how can you not point to government monetary policy and say this is exactly what's happened?