From the New York Times – 10 August 2009 –  GDP measures activity not benefit, like a cheque book that records all activity, including repairs to damaged property. It tells you nothing about whether you are better off this year or worse. And the value of natural capital, such as drying your washing in the sun, or the lost New Orleans wetlands, carved up for development, that could have prevented some of the $82 billion of damages from Hurricane Katrina, is not counted at all, argues Eric Zencey  Read more >>>

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