A better analogy would be forcing a whole community to go to the same dentist. The dentist just happens to be over-charging the community and botching many of the dental procedures, but he/she gets paid more every year and can't be fired. Occasionally a much younger dentist shows up who the clients like much more, but he quickly gets laid off or transferred because even though he is much preferred to the older dentist he hasn't been there as long. Get it? 

I agree wholeheartedly with all of the other waste you cite.