[vundercind]

I don’t get what’s hard to believe about this. Principal-agent problems are everywhere, we’re terrible at measuring effectiveness for tons of things including and especially management (the TL;DR of the research is that we damn near don’t know how to do it at all), zero-sum games abound (a great deal of advertising and marketing, to take one of Graeber’s examples), and there are tons of ways to throw money around in ways that are personally beneficial but net-harmful without falling afoul of the law.

Of course a bunch of jobs are bullshit.