For those that don't know, this is the same David Graeber [1] who wrote "Debt: The first 5000 years" [2]. "Debt" is a pretty great book, and I recommend others read it. At least, I found it illuminating to the popular concept of debt, the historical idea, and its ramifications. [1]: http://en.wikipedia.org/wiki/David_Graeber [2]: http://en.wikipedia.org/wiki/Debt:_The_First_5000_Years
His list of bullshit jobs here is so slippery it undermines his basic point. If private equity and all the corporate lawyers vanished there would be serious ramifications. Nothing capital intensive would get done, unless you instituted fiat capital allocation, but we know that doesn't work. And what's not bullshit about modern doctoring and nursing? 90% of the time they're treating lifestyle ailments for which the treatments don't actually do very much. What's not bullshit about being a teacher of tenth graders who can barely read?