[rout39574]

I think you're letting your desire, your "belief" in a market economy, dictate your interpretations. Belief is a key term here: if it were observation, we wouldn't need to believe; we would point out how the theory functions in _this_ case just like we can demonstrate the function of an internal combustion engine. Nobody talks about "believing" in PV=NRT. :)

I have a suggestion: Every time you start talking, to yourself or others, about what a market economy does by definition, add to your statement the concept of perfect information. That's a cornerstone of market theory. So if we just stipulate the theoretical function of a market economy is everything you believe, we are left with concrete implementations which will vary from that perfection by the degree to which information is imperfect.

How do you measure that imperfection? That's a doozy. But if someone managing a $1T company has information imperfect by a percent... wouldn't that leave room for $10B of bullshit? Even if every actor in the company was operating in good faith?

How completely do you think your nearest C-level executive understands the function of their organization? 99%? 80%?

So... I think "By definition bullshit jobs would be removed" is treating economics with a precision that would make physics blush, and is usually only attempted by philosophers.