Thursday, July 8, 2010

Adjusting French GDP

This is the latest socialized governmental twist. If your country’s Gross Domestic Product or GDP is not high enough, just play around with the items that make them up.

In France, they feel they can improve their GDP in relation to other major countries. They attempt this by adding in their “leisure” economic factors. Thus they add industries that represent leisure and not conventional productive factors used by other major nations.

Of course, they will not be kidding anyone because the numbers represented would not reflect productive items of meaningful content or intent.

You cannot hide the fact that a nation with almost universal retirement at age 60 or less, and so much vacation time, can be productive.

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