sábado, julho 28, 2012

The Insanity of Spending as a Measure of Growth

The Insanity of Spending as a Measure of Growth por Michael Suede:
In your own life, do you consider yourself wealthier if you go out and spend all the money you have saved? Of course not! You are no more or less wealthy than you were before you spent your money ..
A better measure of “growth” would be counting up the total number of things a society produces, rather than the value of purchases ..
.. real growth is an increase in the production of goods and services within an economy. It has absolutely nothing to do with how much spending is taking place. In fact, under our present debt based system of money creation, one could argue that more “growth” is actually a measure of more poverty! For in order for spending to increase over time, more money must necessarily be conjured into existence! And in order for more money to be conjured into existence, people must be put further and further into debt!
Yet there is even more to this story. If we consider that the real growth is the production of new things that have value to the market, then what happens when things are produced that have no market value? GDP (the measure of spending economists use to calculate “growth”) includes government spending! Should a society be considered richer because the state built a new prison or aircraft carrier? Of course not! The human condition is not improved ..

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