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high finance/management can be quite valuable when you’re trying to plan a conflict. this is how you get the industries developed that are capable of designing a system to turn sand into missile-targeting systems.

i’m extremely skeptical of people’s ability to view the economy from on high and pick out the “good, productive gdp” and the “bad, makework gdp”.






> i’m extremely skeptical of people’s ability to view the economy from on high and pick out the “good, productive gdp” and the “bad, makework gdp”.

Maybe in general, but rent-seeking is a pretty large part of the economy by estimates I've seen.




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