destroyed," and at this aphorism, which will make the hair of the protectionists stand on end: "To break, to destroy, to dissipate is not to encourage national employment," or more briefly: "Destruction is not profitable."
A significant negative in the way we count Gross Domestic Product (GDP) is we don't SUBTRACT damage (natural or man-induced) to existing goods and services already provided (i.e.infrastructure). Example: A house in hurricane Katrina is destroyed. The value of the house is not subtracted from GDP, ONLY the value of the goods/services purchased to re-build that house is counted. GDP is forward looking and does not take into consideration the value lost to society to "enjoy", as Bastiat puts it. An alternative measure of GDP is available called "Gross National Happiness"--Click HERE to find out more about it...
Read more about this GREAT Frenchman..
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