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Posts Archive

August, 2017

Not the briar patch, Brer Trump!

March, 2017

A Serious Case of the DTs

January, 2017

The American Yeltsin
Sunlight Through Troubled Times
Beyond Zealots and Cold-War Warriors

December, 2016

A Vandal at the Gates of Rome

October, 2016

Are you conscious?

September, 2016

Brave New World?

August, 2016

Stop, for a moment.

July, 2016

Rupert's Coup

March, 2016

Between a Shill and a Hard Case

July, 2015

Swimming in a sea of sugar

June, 2015

Information Rich, Attention Poor
Nerds need to get out more ...

March, 2015

There is a homunculus at the end of the garden path

October, 2014

Determination, not dreams
Welcome Home
Addicted to GDP
Irony?Karma? - take your pick

August, 2014

History? Whose story?
Marketing Ebola

July, 2014

As above, so below

December, 2013

A time for tolerance

November, 2013

Thinking out of the xBox
The old ones are the best ones ...
Welcome to the Gulag

October, 2013

A timely response to spying

September, 2013

Obedience and the Machine
Ban the bible?
Fracticide - don't do it.

July, 2013

Serfing, USUK

June, 2013

Deafened by gossip

May, 2013

Who needs words...?

April, 2013

Why would they stop?
It must be true

March, 2013

Beyond belief

February, 2013

RBS: doing Fine, not Time
Pillars tumbling down
Trouble with models
A matter of perspective

January, 2013

Royal Promo
Boiling the Lance
Boson Brains Rule

November, 2012

Burning symbols

October, 2012

Charles and Jimmy's little secret
Beach bums and Magi
A Reality Check
Happy Birthday

August, 2012

A journey through riotous times

July, 2012

Caring for life
Not everyone for Tennis?
A banker lie? Unthinkable!

June, 2012

A cynical ploy
Collateral damage for The United States of Europe
Will you walk into my parlour?
Beams and motes
From one Jubilee to another

May, 2012

Perturbations
A crazy idea
The course of time
Sorry, Harry

April, 2012

Cracks in the Rear-View Mirror
A keeper of sheeple
Principled Policing
Say goodbye to Betty
Lessons learned
Causality and good news
Manufactured irrelevance
Corporate responsibility

March, 2012

Poppycock - without question
Who's pushing your buttons?
Investigate the Blair-Murdoch Conspiracy

February, 2012

In Praise of The Seven Liberal Arts
The real story
When giving is taking
Giving it all away

November, 2011

Poking a hornets nest
Wealth of Nations poured away
Squeaky and the Paedophile Prince
Boiling frogs
Death of an industry
Change blindness
What a world ...

October, 2011

Gifts
Pictures and words
Screeching to a halt.
Taxing noise

September, 2011

Hand over your money
Breeding psychopaths
Mr Fox, is the hen house safe?
A ludicrous Conspiracy Theory
Can you believe your eyes?
Getting eye contact
Partners in Crime

July, 2011

It was the Wettins 'wot won it'

May, 2011

Kevin
Heir apparently

April, 2011

Putting Emergencies in Context
Underground networks travelling First Class

March, 2011

Be careful what you ask for
Water - a tale of two countries
Newspeak
Here we go again ...
Wake up!!!

February, 2011

Priorities
The right stuff
Revolution! ... and yet, and yet.
Follow the money
Shh - don't tell the children
Does the MoD have a Cunning Plan?

January, 2011

Met Office caught in winter weather whitewash
Read between the lines
The new parable of Noah
Banking on People

November, 2010

Wettins don't say sorry
It's just not fair ...
Remember, remember ...

October, 2010

Kindness sees no crime
Pundits in the frame
Killer drones target the middle class
A tale of two Charlies

September, 2010

A failure to discriminate ...
Good Grief
A rent-boy's rent-boy

August, 2010

Size psycho-fancy
Baiting a Wikid Trap?

July, 2010

... at the gates of Rome
Monday musings

June, 2010

Guilty - but not charged
Psychopaths at the door

May, 2010

ConDemned to the Shock Doctor
Driven by metaphor
Guns and Banksters
Death of Old Conker

April, 2010

Bankster at bay ...
Nuke Iceland?
Smokescreen

March, 2010

It's how you say it ...
Bullying Manner
Quelle surprise!
Iceland - showing the way.

February, 2010

Small steps to a far place
Seeds of silence

January, 2010

Liar
So who needs people?
Late and censored
Freedom for life

December, 2009

Patterns
Testament
Boy-friendly!

October, 2009

Fools served by Zombies
Webs
BBC dogs that didn't bark ...

September, 2009

Taken Hostage

August, 2009

Have a good weekend ...
High Frequency Trading ...
Money money money
Fit for a politician

July, 2009

Inside clouds

June, 2009

Fond thoughts of Tony Blair ...
A good day ...
Midnight musing

May, 2009

aaah diddums
Zal may ...

April, 2009

Echos of a dark past
Sharks in the Shadows
Worlds Apart

January, 2009

Money Matters
Killing History
Magic

December, 2008

Home improvements
Get the Picture?

November, 2008

Barak - the movie

October, 2008

Won't get fooled again
Bankers, all of them!

September, 2008

And The Winner is ...
Light relief
A Financial 9/11
That's Lucky!
On this day

August, 2008

Mark My Words

July, 2008

The Management Myth
Sense Making Questions

June, 2008

Beware this Griffin
42 Day Folly
A Tortured Silence

May, 2008

A new Dawn needed
Is Justin Webb A Neo-Con?
The Puppy, the Mountain and the Fascists

April, 2008

Attention Pays

March, 2008

Fat Cats and Pork Pies
Fed up Darling?
Swearing - it's just not British!

October, 2007

TsarkoMania

Addicted to GDP   October 3, 2014

I first heard about how much opium was produced in the Golden Triangle (Myanmar, Laos and Thailand) in the eighties - around a thousand tons at that time. When I made some rough estimates of how much money was involved, even allowing for 50% loss in distribution, I was amazed. In my innocence, I wondered how it could possibly be that the various authorities around the world, did not know about and trace that much money.

Co-incidentally, in the nineties I worked with a guy on a major UK IT project (for IBM) who had previously worked at UBS, the giant Swiss bank. He explained that banks were well aware of which accounts were used by the various drug cartels and their bosses. Lack of knowledge was not the issue. Perhaps there were other reasons not to close down the drug trade.

Fast forward to today and take a look at a recent (rather dry) paper coming out of the UK's Office for National Statistics. The Quarterly National Accounts for Q2 2014, bring us up to date with changes that have been made (across Europe) in the way that GDP is calculated.

Those of a cynical disposition will not be surprised to read that one consequence of the changes is that the figures show we recovered from the 2008/09 depression quicker than we thought and that growth is now better than we thought! How about that! What a surprise!

But what is really interesting is: where have these improvements come from? Well, you will be pleased to know that in the search for positive, wealth producing activities that can be included in our measures of national well-being, they have found two outstanding candidates.

Henceforth, the measure of GDP, by which politicians can reassure voters that they are upright custodians of our well-being, will include revenue estimates for the illegal drug trade and prostitution. To the tune of £11 billion annually.

When we include these estimates, we now 'know' that the UK returned to it's 2009 peak in 2013 rather than 2014, and that under it's current coalition government, cumulative GDP is up 7% rather than 5.2%.

For as long as I can remember, politicians have pontificated about GDP and how important it is to our standard of living. We must increase GDP. Even now, Osborne and co. are forcing austerity on the British people in a bid to hold down expenditure and raise GDP. They will do anything to raise the number and avoid a recession.

With this latest accounting gimmick it is clear that the establishment has become committed to increasing illegal drug taking and prostitution. It is inconceivable that in future, they would willingly take so many billions of pounds out of the equation.

No one seems to have asked if this form of GDP is good for society. Does such growth represent what we want for ourselves and our children. Is that the kind of world in which we wish to live?

If GDP had any worthwhile moral relevance, the estimates for illegal drugs and prostitution would be entered as negative values. As it is, their increase will really mean that society is worse off.


Posted by Nicholas Moore    10:59:40 PM
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