Earlier quoted context omitted.
If bullshit jobs are so common, does that mean capitalism isn't actually all that ruthless? Why are companies putting up with them? (I know that in eg France is basically impossible to fire people, so I can see why they might have lots of bullshit jobs.)
> Why are companies putting up with them? There's always the human factor in capitalism. And with the human factor comes ego. IIRC, Graeber roughly compares CEOs to feudal kings. You want more people under your rule as a metric of success. Also, the "king" often seeks to have a big "court" (top-level managers) to reflect their prestige. The effect is cascading. The "king's court" members want their own smaller courts…
See also how share prices often increase when layoffs are announced.