Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Economic 'growth' can result from undesirable spending:
So, for example, government spending on prisons counts the same as government spending on universities. Cleaning up a nuclear accident would add to GDP in the same way as the production of solar power. When oil is extracted from the ground and sold to consumers, this is counted as an addition to a nation's wealth rather than a depletion of its resources.

See the European Tribune story 'Regrettables'.
by nanne (zwaerdenmaecker@gmail.com) on Wed Jan 28th, 2009 at 08:10:42 AM EST
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