At last, there is public awareness of the ridiculousness of the Gross Domestic Product (GDP) as a measure of anything sensible. Well, this is so at least in Britain.
One of the friends living in my computer has said, “If I were an evil genius who wanted to cause untold misery and destroy all life on this planet, I’d invent the GDP as a measure, and a global economy that can only survive if the GDP grows.”
Unpaid work like cooking for your family, caring for your own children, being the family taxi driver and the like don’t count in the GDP. However, a recent British report states that if you hired people to do this work for you, they would cost an average of £18,932 per person. That’s USD24,625. So, that would be double for a two-adult household.
In fact, unpaid work is increasing, thanks to the internet. People now often eliminate the middleman, booking their own travel, buying their own cars and houses, and so on. The services are still being performed, but without money being spent on them.
This is the way my wife and I have happily lived below the official poverty level for many years. We do meaningful work for our own benefit, and very often for the benefit of others, outside the money economy.
Join us, and sabotage the GDP.