I even surprised 'm fit as well the fast growth concept seems thrown, I would like to discuss it here (for lack of other panelists with myself).
In the first part, I will once more on the GDP.
Here, the alleged importance of the GDP, according to Wikipedia:
"The gross domestic product (abbreviated as GDP) indicates the total value of all goods (goods and services) that have been made within one year within the boundaries of an economy and serve the end use."
is also claimed:
"GDP is a measure of the economic output of an economy in a given period, the rate of change of the real. GDP as a measure of the economic growth of economies and making it the most important national economic accounts. "
For as GDP, take the production value of the goods subtracts the inputs and charged taxes and subsidies (production approach).
As for the produced goods people work is needed to the chagrin of the producers wages due, the contractor will also pay any more interest for loans in the GDP aggregate number is identical with the sum of wages and business income -.. Interest paid (distribution of statements)
Juergen Kremer (. Professor of Industrial Mathematics) here of before that corporate profits and investment income is equal to a value called net interest income. Please read Mr. Kremer the derivation so who does not believe it.
GDP = wages + interest income
Official figures for DE:
GDP: 2400 billion €
wages salaries: 1800 billion €
interest income to € 600 billion
In Wikipedia, we find this remark:
"The Federal Statistical Office points out out that in Germany no independent calculation of GDP is made on the distribution side, because there are insufficient data are available on the company's profits. " The system has
is alleged by the OECD: See here . It is ausgegeangen assuming that we could increase our tax revenue by 20%.
To explain how this works here look.
it were not in two million but an estimated 100 billion less tax revenue! (20% of 500 billion). Since interest income is
us know, taxed at 25% I guess from here the magnitude of the non-interest income to 400 billion noticed, the inaccuracy is large, the magnitude certainly correct. (Yes, interest income, see again Mr. Kremer above.)
question to the economic experts: Do We in fact a higher GDP?
Not specified corporate profits in the financial sector and attract private investors do so 17% of our GDP from? Where does this tie in with the production value is calculated or why not?
I think that these are not negligible inaccuracies. Scientifically speaking, a measurement with an error rate of 17% is a joke. How to celebrate an increase of 1% as a success? Why is the inaccuracy of the calculation is not specified with?
ie for us when we look at the numbers and see which is part of our business management services to interest income:
1000/2400 = 0.4166666. = 41.6%
All of GDP from the interest removed it must generate another. So German employees work on average 41% of their time on the interest earnings of others.
I am (fortunately) no economics expert. Error I therefore ask me to apologize but we are talking about orders of magnitude.
GDP then What has actually a meaning for our society? Why did Marvin Harris completely ignored the GDP as if to consider the performance of a company?
How useless GDP is I will illustrate by example:
a car in a traffic jam and the useless fuel consumption contributes to the increase in GDP. Just as a poorly insulated house or when production surpluses be discarded.
goes into the load calculation this is not wasteful. It would indeed be incorporated as a deduction in a sustainability calculations. (Total energy consumption of our society.)
My grandmother who has her life most of their own food production is reduced, whereas the GDP, since it has not bought their food at the supermarket. A pest of society.
This has produced what my grandma would of food can be difficult to detect any but goes into the load with one. But since it consumes a smaller proportion of the food produced in the ecosystem, would appear rendered their performance at the latest there.
Everyone has a refrigerator, phone or electric stove. Who can buy a car and who wants to become one. Most markets are saturated and static. The so-called growth of GDP is played out in a completely insignificant margin markets.
example, Sony: The Sony PS2 scored only 3% of group sales but over 90% of the profits! I'm a fan of computer games, but our survival and performance of the Company may not consoles, iPad or can Hula Hoop fix tires.
The economists overestimate the impact of market mechanisms enormously to our culture. (On purpose of course.) We can hardly save us from Stock market news, IFO index and growth forecasts. Everyone should believe in these numbers decide his welfare. Who says these numbers are not important is not present in our public perception.
Here are the things that you talk to the GDP growth as a measure of our Social Performance really irrelevant.
How many consumer goods we consume has no effect on our ability to survive.
How much unemployment there is in our society also has no meaning. As mentioned often, these measures only for those of importance is the benefit of the surplus. This is a small minority.
Whether we pay cash or shellfish, or if we have a pure barter, if there are banks and financial markets, all this is insignificant. It only matters that we have some system of exchange of goods.
Our market economy is a system for the distribution of wealth in our society. As such, it fails totally. This is not on market economy principles in itself. These were (left to itself) a self-regulating principle, taxable under the rules we set for it.
subject these rules, however, we completely wrong target directions. Ultimately, these rules are knitted so that any permanent The greatest possible unbalance sets. Few have much to get much less.
The fact that minor aspect of how we organize the distribution of our goods, a huge influence on our daily life has completely ignored while our ability to survive will be difficult to understand.
The only relevant question for the survival of a society is whether it produces or imports enough to cover the living standards of its citizens. I just want to make any panic but I think we should think about our survival as a society a little. Capitalism that we can in any case only last as long as the oil flows.
When you think about these things, it also comes to the conclusion that this consumer society is also an occupational therapy. Who can be said of his work produced for our company important goods. Nearly everything we produce is used throughout the day to satisfy needs of bogus caused by advertising. We are wasting
the raw materials of the future? We drive SUVs but now hunger in 20 years in our country because 30 million people out of fuel? When it really comes to this, we are actually to blame.
We can now very low cost large amounts of food and produce energy and have _noch_ to allow more than enough fossil fuels to all of us a pretty carefree life.
We could also achieve this sustained without major problems if we wanted to. We did not do many causes. Determined but it is not is because our economic system as it is "no alternative" is. to create
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