Thursday, December 1, 2011

French Ideas of GDP

GDP or Gross Domestic Product is a measure of a country’s economic output, and the value of all its goods and services produced. It represents the country’s standard of living.

The French GDP is falling. The French can do something about it; they can try free markets instead of their brand of European social society.

So they want to substitute their vacation time and other assumed “joie de vivre.” It can be embarrassing for the French to compare their left-oriented economy to those more attuned to capitalism.

They have suggested arbitrary adjustments that assumes their way of living is superior to others. That would take care of the month of August for holidays; about the lack of services during August. And those constant, paralyzing public union strikes. ( See the Earl J Weinreb NewsHole® comments.)

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