Most of the jobs he categorizes as "bullshit" all share an element of arms-race components to them. i.e. if my competitor has really good telemarketers/lobbyists/corporate lawyers, I'd better have one too -- _or they'll beat me_. How is it that that reflects some sort of keep-the-masses-down 1% malfeasance?
To me, the tell that he defined "bullshit" as "jobs I don't like or understand" is that he lumped in actuaries with telemarketers -- does he think providing insurance has no value?
Similarly he writes: "What does it say about our society that it seems to generate an extremely limited demand for talented poet-musicians, but an apparently infinite demand for specialists in corporate law?" There are more musicians employed in this country [1] than there are people in biglaw [2].
Ultimately, it seems like Graeber wants to return to a butcher-and-baker economy, where all our jobs are focused on directly providing services to consumers. That sounds charming, but makes as much sense as a world with all consumer startups and no b2b/enterprise startups.
[1] http://www.bls.gov/ooh/entertainment-and-sports/musicians-an... -- 167,400 musicians
[2] see http://www.law.harvard.edu/programs/plp/pages/statistics.php... -- 70,000 lawyers in biglaw