online games, multiplayer games
Simcountry is an Online Digital World where you are the President of a country.
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What is Simcountry?

Social Security index (Fearless Blue)

Simcountry: Simcountry Bulletin Board  Social Security index (Fearless Blue)

The Shiekh (Fearless Blue)

Friday, April 15, 2005 - 11:26 pm Click here to edit this post
You do not need money to be productive. Think of the oldest profession ... prostitution.

You can visit a hooker in the US, spend US$100 and get suppied "a service". You can visit a hooker in Thailand, get supplied "an equally good service" and it will cost you US$20. The same good/service is being produced in each country. In Thailand where prostitution is legal that service gets included with GDP (in fact the sex industry accounts for up to 14% of Thailands GDP), but the value equivalence of services rendered is not given equitable weighting. This addition to the GDP of US$100 worth of "services" at an equivalent of US$20 per "service" is due to the interplay of local pricing and the Thai/US exchange rates. In the US: prostitution is illegal in most jurisdictions and as a crime does not get included in GDP (but the value of fighting prostitution through policing does); prostitution in legal in Nevada and the value of these "services" would be added to GDP. And to top it all off - in Australia prostitution is not just legal, there are even brothels listed on the stock exchange, so presumably you could tax deduct the cost of visiting such an establishment as an "investment expense".

Money and GDP are merely numbers. They serve some utility when comparing apples with apples, but once you start comparing apples and oranges they become pretty meaningless.

A resource is something with intrinsic value. Pollution is a resource, it has intrinsic value, its value just happens to be negative.

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