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I don't think the causation goes from fiat money. That's a small technicality for most organisations. However, I do think the increased financialisation of the
by kqr 4y ago
I don't think the causation goes from fiat money. That's a small technicality for most organisations. However, I do think the increased financialisation of the corporate world in general stands to blame quite a bit.
Finance, through accounting, is the original paper-pushing field. Some level of it is helpful, but it's very easy to invent busywork too, start requesting more metadata about the work of others, and create jobs that are fundamentally not about doing the thing, but just about observing the thing being done.
Not even observation in a particularly useful sense, but just because someone was curious what work looks like from this and that angle. And instead of actually doing the work to find out what it looks like from multiple angles, there's this whole hierarchy of people who just observe each other and get paid boatloads for it.