Economics 7 - Sector Tier List - F***, Marry, Kill

Published April 15, 2021 |

TLDR;

  • On a more lighthearted note…
  • Arising from the previous post on the nonsense economy, I prioritise sector importance by what I would do if… I could control the world’s economy.

If I were hypothetically able to shape the world to my moral compass…to shape it to what I feel is right. How might I view it?

F*** - indulgent, but not necessary….just nice to have.

Characterized by Good returns to society, as a want, to live a good life.

  • Media
  • Experiential Wealth
  • Philosophy
  • Tourism
  • Cultural awareness
  • Travel

The last three - I believe are crucial for Global peace and cross-border understanding

Marry - Forever Needed

Forever needed (Critical return to society, low growth)

  • Energy (one couuuuuld argue this was not a thing in antiquity but…)
  • Healthcare
  • Education
  • Food (agriculture)
  • Logistics and transportation

Kill: Overrated

Characterised by Weak returns to society/environment - ticking time bombs

  • Information asymmetry (management consultants, those that refine uncertainty)
  • Commercial marketing and storytelling
  • Pure-profit Finance and investing (as opposed to value-based)
  • Advertising
  • Intermediaries and Middle Men
  • Most “fast” things (fast food, fashion, ecommerce, etc)

Adopt - Structurally emergent

Underrated return to society, where demand outstrips supply - demands grooming and care

  • Autism
  • Wellbeing - mental or general

Send off to boarding school -

Decentralising / Democratising - probably need to reinvent themselves

  • Law (?) - just a placeholder for now, I don’t have much knowledge in this field.