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by electrozav 527 days ago
There are many cases of market failure and inefficiencies, rentiers, useless 'BS jobs' and unchecked monopolies in a market economy. Why would the people criticizing it be wrong? It's not like it's rare.

A landlord or a holder of IP can and will arrange deals that have negative value for society because of the fact it attracts monetary value for them.

A client paying for a service, is this done 'willingly' when it is needed and no other choice exists? If someone wants to compete, can they navigate the moats companies are so fond of?

2 comments

I think the concept of BS jobs is BS. That's because the fulfillment people get from jobs isn't tied to the value the economic value they provide to the firm or even the social value they may or may not provide. Some people may hate teaching because they feel it is soul crushing to them (especially if they are not supported and the school isn't in good shape) despite it being socially useful someone else may enjoy being an elderly greeter because it lets them continue working and they may feel they are providing some social value even if most people don't care another person may be happy working at the shrinkwrap factory because it provides money for their family
Re failures and inefficiencies, correct. But 99.999% of jobs do not fall into those categories for any meaningful duration of time.

Agreed on landlords -- this is a rather unique but huge failure case. My comment history is full of harping on this particular point :)

> A client paying for a service, is this done 'willingly' when it is needed and no other choice exists?

Yeah obviously you can do the work yourself.