Finding the Bottom: 2010 Global Economic Recovery

Paul Adams

Paul Adams leads an award-winning, diverse contractor team that runs a federal high performance computing facility where he has worked for 17 years. He loves getting his hands on the latest visualization and computer hardware, astronomy, aerospace engineering, working with the poor, and ringing cowbells.

You might also like

Editor Picks

Critical Thinking - How to read a political Ad

Artful Design asks us to design with ethics and create the sublime

Design Thinking 5 years ago Comments Off

2 Comments

Robert says:
February 18, 2010 at 4:50 pm
GDP is a garage number. The government could print a trillion dollars and employ millions of people for the census. The US could have the highest “GDP” on the globe. The GDP also goes up if a factory off shores to increase its productivity. The GDP also goes up when we build tanks, bomb, planes, etc.
GDP will only be of value when it measures private sector’s manufacturing output for consumer purposes and exports. Society benefits when consumers have affordable goods and services. How does society benefit from make-work. Being employed for the sake of it doesn’t cut it. People have to add value that someone else wants. Remember every in the Soviet Union had a “job”. What good did it do them?
Currently we have enslaved developing countries to sit in factories and make us stuff. In return we give them our debt. The world will soon wake that the US in not good for its debts and I can quit reading about this so called recovery/bottom.