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Re: FCC votes to remove protections for the open Internet in the USA.

On 2017-12-17 15:56, Jim Fisher wrote:
On 16 Dec 2017 at 19:05, Wolf K wrote:

On 2017-12-16 16:22, Ocalab wrote:
Great post!

I just miss the meaning of "GDP" in the last paragraph:

add to the GDP

What is it?

Gross Domestic Product, the sum-total of all monetary transactions in a

That's a more accurate definition than Caver1's. According to the GDP measure,
which is used by most governments and international bodies to monitor economic
performance, it is beneficial and adds to GDP if you pay someone to destroy
something (anything) of public value, or pay someone to dig a hole and then
fill it in again. but if you spend a day doing voluntary work for a charity or
helping your neighbour that has no value. It's a total nonsense, but seems to
be the only thing of interest to most governments and economists.

Jim Fisher

Making your own dinner doesn't count towards GDP either. But going out to a restaurant does.

A couple or so decades ago, students at the London School of Economics attempted to estimate the value of non-monetary transactions. IIRC, they figured that it was at least equal to 30% of GDP.

The same blindness shows up when people discuss "the economy". They talk about money. Eg, repairing the water and sewage system of North America will cost a about a trillion dollars. That's not a cost, that's employment for tens of thousands of people, even if most of the grunt work (such as digging) is done by machines. Best of all, all that money will be paid in wages, directly to the construction workers, indirectly via payment for supplies and machinery. So it will circulate. Which is what a monetised economy is about.

The usual pitting of "the economy" against "the environment" is about money. It's not just stupid to think that way, it's insane.

Wolf K
"The next conference for the time travel design team will be held two weeks ago."
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