AWE, NOT GDP!

WHY THE USA IS IN A GREAT DEPRESSION NOW.
(Although the upper class will get out of it in a few months!)
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It is high time to use more sophisticated measures than GDP.

In particular GDP does not consider efficiency (traffic jams augment it). I proposed to use AWE (Absolute Worth Energy).

Meanwhile it may be good to consider the median income. It has been going down for a very long time in the USA, on a real basis (including the inflation in the cost of everything, not just the CPI). Looked at it that way, on a 20 year period, the present times compare unfavorably with any period centered around the 1930s.

In this light, the great depression is now.

Globalization without global law will lead to convergence of the income distribution, on a worldwide basis, thus the USA's wealth pyramid will look more like India, in the long run, than that of the 1950s America.

King Louis XV of France used to say: "Apres moi, le deluge!" After me, the flood... He did not care. Plutocrats tend to reason that way, because all the money to them now is the balm they use for their absence of worthy passions. The vision thing is no tool they enjoy, as it would reveal them to be empty inside.

"No drama Obama" converges towards the exact same psychological profile... Meanwhile the society and economy is losing its essential substance, California, for example throwing, literally the baby out, rather than the putrid bath...

Patrice Ayme
http://patriceayme.wordpress.com/