Tuesday, December 07, 2010
GNP means anything?
One Chinese leader says (according to a diplomatic report) that China's GNP figures are only "indicative" and that he uses less falsifiable indices such as electricity production, paid railway cargo and so. Applying his criteria to the USA, one suspects that China is today (and not in the future) the world's largest economy. The USA, for example, consumes less electricity than China. Moreover, China's figures grow more than 10% a year while America's falls relatively and absolutely. Its worth noting that I had some difficulty to find the relevant American figures: the Dept.of Energy's webside provides abundant information on alternative energy but little hard figures. America seems to have been taken over by hippies and is fixated on wind power (obsolete already when Don Quixote battled the windmills of La Mancha), biomass power (burning dry grass and wood like the Indians) and other New Age fashions.