15 Industries That Provide Zero Value To Society
BuzzFeed • • business
Key Points:
- A Reddit thread asked users to identify industries that provide zero societal value yet generate billions in revenue, sparking over 5,000 responses.
- Health insurance companies were heavily criticized for creating inefficiencies and high costs in healthcare, with calls for a public service model to reduce expenses and improve care.
- Other frequently mentioned industries included TurboTax for complicating tax filing, private prisons, patent trolls exploiting legal loopholes, and multi-billion-dollar sectors like alternative medicine, the faith industry, and social media influencers.
- Additional industries cited were real estate agents, pharmacy benefit managers, private equity firms, MLM companies, scalpers/resellers, paparazzi, sports betting, and the tobacco industry, all perceived as prioritizing profit over societal benefit.
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