When I read the original essay, my impression was the author generally misunderstood what a business actually is. The purpose of a manager (a flunky/goon bullsh

When I read the original essay, my impression was the author generally misunderstood what a business actually is. The purpose of a manager (a flunky/goon bullshit job) is to abstract agents from principals to define that separation. Most bullshit jobs form the demarcation between these abstractions. It's delegation. These people are essentially financial furniture who have engineered a kind of managerial capture of the principals capital, and in turn pay themselves exorbitantly. We talk about a tech bubble, but what have really seen is a 35 year management bubble. Who are these principals, the owners of the capital? When you look at the largest capital pools they belong to pensioners, tax payers, trusts, depositors, saver/investors, insurance policy holders, and other collective owners. Interestingly, managing these pools is where all the bullshit jobs exist as well. These bullshit jobs with decadent pay differences are the effect of managerial capture of these mutual/collective capital bases. I'd speculate it's possible that a lot of political views across the spectrum could be described in terms of a principals revolt against capture by their agents.