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| Mar 04, 2009 8:26 pm |
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re: re: re: re: re: re: re: US Economy and Stimulus - another model? |
James Booth
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Even in a "condominium association" there exists *love*
An old woman says, "What do I have to give?"
She has LOVE and that *love* is needed all around her
... in small ways, and invaluable ways, every minute of every day.
Now, I challenge anyone to show me LOVE as expressed by a dollar amount
- in Gross Domestic Product (GDP) figures anywhere.
How is kindness, and how is *volunteerism* or the like, expressed in GDP ?
What IS included in GDP ?
- what elements of American (code word) *dynamism* are included in GDP ?
As an expression of the "worth" of transactions among the top 20 percent of population who control 84 percent of the nation's "wealth" GDP is enlightening ...
... but what does GDP say about the 16 percent of that nation's "wealth" which is NOT in any way, shape of form, *defined* by any of the remaining 80 percent of population who must, nonetheless, *subsist* on that 16 percent ?
Maybe the "value" of GDP attains most to the *one percent* at the top who "somehow" manage to control - HOARD - more than a third - more than 33 percent - of the nation's resources, monetary and otherwise.
Seems to me silly to argue with John when he says:
"The use of GDP as a measure of national economic health demonstrates the role of
economists as handmaidens of the rich, and of governments."
... but that is just my opinion.
JB
Private Reply to James Booth (new win) |
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