Not everyone in the PMC has a bullshit job. I'm an accountant, which is definitely a PMC trade, but even Al Capone had a bookkeeper, which means accounting passes the black market test for not being a bullshit job.
In the black market world, enforcers/muscle fulfill pretty much the same role as lawyers do in the corporate world, so lawyer…
Not everyone in the PMC has a bullshit job. I'm an accountant, which is definitely a PMC trade, but even Al Capone had a bookkeeper, which means accounting passes the black market test for not being a bullshit job.
In the black market world, enforcers/muscle fulfill pretty much the same role as lawyers do in the corporate world, so lawyers probably aren't bullshit jobs either.
The company I work at has a Director of Community Events - now THAT is a bullshit job if there ever was one.
If the black market will pay for certain symbol manipulation, then it must serve some fundamental purpose (money laundering being an exception, because the need is driven by hiding from regulation).
Kind of true, but most of those "arcane rules" are the result of businesses cooking their books to deceive either tax authorities or else their own investors. Every time a shady business cooks their books, a new rule gets written to crack down on it, and over time you end up with a convoluted labyrinth of rules.
Underneath the arms race that is creative accounting & regulation, however, money still needs to be tracked, which even the black market recognizes.
Agreed, not all white collar work is bullshit. Accounting, legal, sales, and investing have real metrics and results. The bullshit comes from HR, DEI, NGO, consulting aka power point making, etc.
I actually think investment advisory is a bullshit job - it's basically paying someone a fee to tell me whether they think I should bet on red or black.
So say you Mr. Accountant. Part of my investment advisor's value comes from telling me when to buy in or sell so called bet. And remember, we are not all educated in putting numbers on a report for businesses. Sometimes telling the uneducated what those numbers mean is of value too.
Fair enough, though an educated guess is still a guess at the end of the day. Your advisor doesn't KNOW whether buying or selling will pay off, he's just giving you his best guess.
Not everyone in the PMC has a bullshit job. I'm an accountant, which is definitely a PMC trade, but even Al Capone had a bookkeeper, which means accounting passes the black market test for not being a bullshit job.
In the black market world, enforcers/muscle fulfill pretty much the same role as lawyers do in the corporate world, so lawyers probably aren't bullshit jobs either.
The company I work at has a Director of Community Events - now THAT is a bullshit job if there ever was one.
Nah. Read the book. (Tainter too.) Symbol manipulators are an indicator of civilizational collapse.
If the black market will pay for certain symbol manipulation, then it must serve some fundamental purpose (money laundering being an exception, because the need is driven by hiding from regulation).
The market needs accountants, to neutralize the work of other accountants: the ones who create arcane rules !
A bullshit job typically consists of neutralizing the effect of other bullshit jobbers: lawyers, sales, marketing, etc.
symbol manipulators mostly "combat" against one another, over how zeros and ones will be flipped on a hard drive.
Kind of true, but most of those "arcane rules" are the result of businesses cooking their books to deceive either tax authorities or else their own investors. Every time a shady business cooks their books, a new rule gets written to crack down on it, and over time you end up with a convoluted labyrinth of rules.
Underneath the arms race that is creative accounting & regulation, however, money still needs to be tracked, which even the black market recognizes.
Agreed, not all white collar work is bullshit. Accounting, legal, sales, and investing have real metrics and results. The bullshit comes from HR, DEI, NGO, consulting aka power point making, etc.
I actually think investment advisory is a bullshit job - it's basically paying someone a fee to tell me whether they think I should bet on red or black.
So say you Mr. Accountant. Part of my investment advisor's value comes from telling me when to buy in or sell so called bet. And remember, we are not all educated in putting numbers on a report for businesses. Sometimes telling the uneducated what those numbers mean is of value too.
Fair enough, though an educated guess is still a guess at the end of the day. Your advisor doesn't KNOW whether buying or selling will pay off, he's just giving you his best guess.