I wrote: > it's true that GDP growth is an "artificial construction." But it's a measure > of activity in capitalist goods and services markets, i.e., a measure of the > flow of spending, income, and business revenues. It may be wasted on > Blankfein _et al_, but it's like Keynes' example of building unneeded > pyramids.... It is a measure of health of a commodity-producing and > capitalist economy; it's not a measure of what's good for people or Nature.<
as Randolph Bourne said, "war is the health of the state." Similarly, GDP growth is the health of a commodity-producing economy. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
