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Douglas_Knight comments on The fallacy of work-life compartmentalization - Less Wrong
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You seem to be assuming that the meeting is useless just because people lied to you about its purpose. The status games may well be important to the functioning of the firm.
I'm not saying these meetings are useless to the firm, necessarily; but if they require you to believe in a lie, they are dangerous, toxic even, to someone who prefers their beliefs to track reality.
Who's believing a lie? People are just talking less than literally.