It also applies to countries. Look at the increasing resources that go to people who produce little or nothing of value to others eg lawyers, lobbyists, politicians, financial engineers, LBO operators etc. Not to mention many of the people on welfare.
You're saying that lawyers and politicians provide little or no value to others? Don't democracy and a fair legal system require good lawyers and politicians?
Sure, and companies might need some middle mangers. That doesn't mean none of the middle managers, lawyers, and politicians are dead weight. This latest session of Congress has been historically unproductive, passing fewer than half as many bills as the previous record set in 2013.
With apologies (and a tip of the hat) to Mr Gates, I posit that measuring the progress of Congress by the quantities of bills they pass is roughly analogous to measuring the progress of airplane design by its weight.
It also applies to countries. Look at the increasing resources that go to people who produce little or nothing of value to others eg lawyers, lobbyists, politicians, financial engineers, LBO operators etc. Not to mention many of the people on welfare.
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