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Meaning of luftgeschaeft | Babel Free

Noun CEFR C1
/ˈlʌftɡəˌʃɛft/

Definitions

A meaningless or unproductive job, which contributes little or no value to society.

Equivalents

Deutsch Luftgeschäft

Examples

“The economic situation of the Jewish people in the diaspora is an inverted pyramid. The normal situation is when the majority is productive, a proletariat in professions like agriculture and industry, and only a minority is bourgeois, in unproductive trades like banking and commerce. Most of the Jewish people work in luftgeschaeft.”
“What happened in the United States of America was essentially the result of all the luftgeschaefts run by financial wizard luftmenschen (air people) who turned money into paper and then supposedly back into even more money, siphoning off outrageous profits in the process. When the music stopped, the entire house of cards suddenly collapsed, and all that was left, of course, was luft (air) and worthless paper.”
“From an ideological perspective, rural productive life was glorified, while the urban luftgeschaeft, non-productive livelihoods such as commerce, was constantly criticized.”

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.

See also

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