Posted on 05/24/2014 12:09:23 PM PDT by Olog-hai
Istat, Italy’s national statistics office, will include estimated dealings from drugs, arms trafficking and prostitution in its GDP figures from now on. […]
This move should increase Italy’s economy by at least 1.3 percent in the first year, helping it to comply with EU rules on indebtedness, which limit member countries to spending no more than 3 percent of their GDP. […]
Eurostat, the EU’s stats body, says if all illegal activity is included in GDP figures, European economies would have a growth rate closer to 2.4 percent. The agency says the UK’s GDP figure could be three or four percent higher if the black market was included. …
(Excerpt) Read more at telegraph.co.uk ...
This report illustrates the rise and eventual dominance of the money spirit; morals, tradition, values all be damned. Cash is what counts.
California’s single biggest cash crop is marijuana.
Sounds like a plan, but how does the Mafia feel about the government horning in on its business?
It’s a part of the economy, why not?
When the damages to society are counted,it’s a net negative.
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