The corporate welfare state derived from an approach to economic development which worships at the shrine of the gross national product.
Development involves methodically destroying the real world or the world of living things in order to substitute in its stead a totally different world; the surrogate world or world of human artifacts—that which most favors the maximization of GNP
In its best prewar year, Europe with almost 300 million people had a gross national product of 150 billion dollars. In that same year, the United States with 150 million people had a gross national product of 300 billion dollars.
Growth is a funny sort of concept. For example, our GNP increases every time we build a prison. Well, okay, it's growth in a sense.
Health care amounts to l4% of our GNP-a lot of money. It is the size of the Italian economy. And the president turned it over to his wife.
I don't think money itself has any causal relationship to nominal GNP. The dominating causal force is interest rates.
To prove that Wall Street is an early omen of movements still to come in GNP, commentators quote economic studies alleging that market downturns predicted four out of the last five recessions. That is an understatement. Wall Street indexes predicted nine out of the last five recessions! And its mistakes were beauties.
It's crazy that America gives such a paltry percentage of its GNP to the starving nations.
We want to reduce the size of government in half as a percentage of GNP over the next 25 years. We want to reduce the number of people depending on government so there is more autonomy and more free citizens.
Japan is an important ally of ours. Japan and the United States of the Western industrialized capacity, 60 percent of the GNP, two countries. That's a statement in and of itself.
