>The second is to give them a microcosm in which they can walk around in suits, look important, use buzzwords, and basically find some, however contrived, meaning
Sounds like every private sector job i've had tbh.
Yes. But not just suits. This is a cutting observation that applies to all "professionalized" organizations, but the form of that professionalism depends on context. It could be standard-issue to be wearing a blazer and jeans with spikey hair in your loft office, but you're still just acting important, using buzzwords, and doing basically nothing.
Sounds like every private sector job i've had tbh.