GDP IS NOT THE HOLY GRAIL IT IS MADE OUT TO BE
Sunday, May 16, 2021
THIS WAS THE MEADOW AT OTTER POINT BEFORE IT WAS ADDED TO THE GDP BY STRIPPING THE SOIL, TRUCKING IT OFF AND SELLING THE TOPSOIL.
THIS IS IT "AFTER".
GROSS DOMESTIC PRODUCT DELUSION
EVERY BIT OF ECONOMIC ACTIVITY IS COUNTED UP AND TREASURED AS IF EVERY EXPENDITURE WAS AN EXPRESSION OF REAL WEALTH BEING CREATED EVERYWHERE THROUGHOUT SOCIETY. TRUE WEALTH FOR ALL IS QUITE DIFFERENT FROM A PROCESS WHICH ACCUMULATES MONEY FOR A PERSON OR CORPORATION BUT BOTH OF THESE AND MANY OTHER TRANSACTIONS ARE COUNTED IN GDP.
THE COST AND THUS THE QUANTIFICATION OF MATERIALS USED OF MANY COUNTERPRODUCTIVE ACTIVITIES IS A PLUS, ADDING TO GDP.
SOME POLICING AND INCARCERATION IS UNAVOIDABLE BUT A LOT OF THAT ACTIVITY DOES NOT ADD TO REAL WEALTH BUT IT IS COUNTED AS PART OF GROSS DOMESTIC PRODUCT.
A LOT OF FINANCIAL SERVICES ARE NECESSARY BUT MANY ARE NOT NECESSARY AND ARE EXPLOITATIVE AND IN REALITY THEY CREATE A LOSS OF WEALTH AND SERVICES FOR CITIZENS BUT ALL OF THE COSTS ARE COUNTED AS AND JUDGED TO BE A CUMULATIVE VALUE ADDED TO GDP.
THE CUMULATIVE EFFECT OF A GROWING GDP IS MORE:
ENVIRONMENTAL DAMAGE
DEPLETION OF RESOURCES
DESTRUCTION OF NATURAL HABITAT
THE DISPLACEMENT OF ANIMALS
THE DISPLACEMENT OF HUMANS
A CONCENTRATION OF WEALTH IN THE HOLDINGS OF THE RICH
MORE MONEY AND RESOURCES FOR UNNECESSARY MILITARY EQUIPMENT, INFRASTRUCTURE, AND MILITARY ADVENTURING
AND THEN ALL THAT SHIT GETS ADDED IN TO THE GDP LIKE THE SUN AND THE MOON AND THE STARS AND LIKE IT WAS MANNA FROM HEAVEN.
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