Friday, February 27, 2015

Useless Waste is what Provides Jobs

This is one way of trying to address the issue of a whole lot of GDP being useless waste–for example, lots of marketing people flying around from meeting to meeting. The problem, of course, is that the useless waste is what provides jobs. Without the essentially wasteful jobs, we have an even larger number of people unemployed. It becomes even harder to repay debt with interest. The government tries to fix this, but in the end, it is the government/financial system that fails. - Gail Tverberg

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