5/21/2023 0 Comments Bregman utopia![]() ![]() Inequality and debt are positive inputs for the GDP, and the proportion of UK banks was sky-high just before the crash of 2008. Even the cleaning up of environmental pollution adds to the GDP, after being caused by someone cutting corners and making bank in that way. What's worse, the GDP does not discern between bad positive or negative influences on society. 105), because it only calculates by the price of the produced item and not its capabilities. "The GDP also does a poor job of calculating advances in knowledge" (p. ![]() Housework, for instance is unpaid, and there is no monetary value on air quality or volunteer work, despite these things unquestioningly improving life. But while some countries expanded their GDP to include the less legal markets and products in their countries, vast amounts of labour and valuable commodities still go unappreciated in the GDP. The Gross Domestic Product (GDP) "is the sum of all goods and services that a country produces, corrected for seasonal fluctuation, inflation, and perhaps purchasing power" (p. ![]()
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