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    One of the well-known gaps in GDP is that
it does not consider the importance of domestic work, including caring for
children and elderly family members. Moreover,
a monetary assessment of such activities will not solve a serious omission in
GDP – its inability to adequately reflect the life experience of individual
members of society. Adjustments
for domestic work will lead to inflation of GDP without giving real meaning to
living standards. And
women, who make up the bulk of people who do household chores, will continue to
be volunteers, and not as real economic actors. Another known
shortcoming of GDP is that it does not consider the destruction of value, for
example, when countries wrongly manage their human capital, denying education
to certain demographic groups or depleting natural resources for immediate
economic gain. In general, GDP tends to inaccurately assess assets, and
obligations at all.

 

    The state of the environment in the
country is deteriorating because of rapid, sometimes uncontrolled
industrialization, experts say, noting that due to unfavorable conditions,
China is trying to leave many foreigners who came to work, and even the
citizens of the Greatest country in the world. Residents of China are
experiencing serious problems with drinking water: the reservoirs in the
country because of the spread of algae have become bright green, and the liquid
taken from them, to clean water is not like. In the rivers and lakes, frivolous
Chinese industrialists are dumping petrochemical waste. Such substances poison
not only water bodies, but also springs, wells – according to some information,
about 70% of groundwater is seriously polluted in China.

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As far as I
am concerned, although last
year the government of the Celestial Empire recognized the existence of
“cancer villages” – settlements with an unprecedented level of cancer
incidence, which is caused by environmental pollution. And in the capital of
the country – Beijing air is so polluted that some visitors cannot go out
without a mask. Periodically, the content of toxic substances in the city was
almost 40 times higher than the level considered safe for health.

Do not get me
wrong. I am not against the progress and growth of the economy. I am against
the wasteful and incompetent squandering of natural resources. Against barbaric
treatment of the environment. Enterprises should be built and developed (but
only in harmony with nature), and the products are produced (and processed).

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