Sunday 16 May 2021

GROSS DOMESTIC PRODUCT IS A FINITE RESOURCE

 I wrote this essay in support of "Cut Gross Domestic Product Increase to 0".



The video post above this post is on BULL RUSH Channel on You Tube.


Click on the circle in the left top, the You Tube Channel icon, to get an earfull.


USE MORE NOW HAVE LESS USE LATER!


AS A CARTOON CHARACTER I AM LESS CONCERNED ABOUT GLOBAL WARMING AND ENVIRONMENTAL DEGRADATION THAN I AM AS A REALISTIC ECONOMIST




I do admit that this post was cut and pasted from Bull Rush Frog's blog.



Sunday, May 16, 2021

GDP IS NOT THE HOLY GRAIL IT IS MADE OUT TO BE  


TIRES THAT WERE CUMULATIVE IN GDP 




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. 




Replies
  1. When the Chinese Dictatorship creates environmental damage and uses resources Penguin applauds the increase in GDP. When the Rockcliffe was purchased Penguin thought " a rise in interest rates would stop... from doing such projects."
    The increase in GDP was in the real "human sustenance economy" without creating environmental damage and using very little resources.
    Braindead Penguin condemns that and thinks that paying out wages is also not a valuable contribution to GDP and it was done in Lindon"s places of employment without burning coal or deforesting BC



 



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