Economists Must Learn to Subtract
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@davis849 if its a constant degradation(ie no other tree growing back in its place, lake doesn´t recover), there is a measurement who takes this into account: the lower market value of that forest/lake (except in cases when those places can be used in a manner that isn´t affected by its ecological damage)
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fundamentally maths dont add up
add 1 drop of water to another drop of water=.one drop and it will drop
what adds up must come down
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GDP measures present period numbers dipshit. Inflation is recorded in the GDP real growth numbers already.
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I don't get it, if the oil spill effects refinery production, it will make the next period's number smaller. If a patient dies of cancer, then the future wage/production of that person will not be recorded in future GDP data. It doesn't make sense to be subtracted from the present period since it will be reflected in the future period numbers...
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the world isn't zero-sum. The pie grows, learn to think...
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GDP does not factor in a great deal of the harmful externalities that industry creates. Let alone the fact that they slide by the premise that infinite growth is possible on a finite planet. Do some more research: GPI or Genuine Progress Indicator is a much more accurate way of measuring REAL progress. I mean, our economy could grow three fold but it doesn't matter if everyone has cancer, tuna goes extinct, and there's dioxin in every mother's breast milk!
SpartacusMoriarty 3 years ago 6
Yes and furthermore, the GDP doesn't take resource depletion and degradation into account. There must be a cost associated with a tree being cut down, or a body of water rendered useless to living species when calculating and tracking progress.
davis849 2 years ago