Word: gdp
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...general, we levy taxes not to ease income inequality but to fund government. They haven't quite been doing the job lately: for the 2008 fiscal year, which ends in September, the government will probably spend $500 billion more than it takes in, a deficit of 3.5% of GDP. That should shrink when the economy starts growing again, but it's not going to disappear without either big cuts in spending or substantial tax increases...
What I call the McMafia - the new international criminal networks - now dominates a shadow economy which accounts for around 15% of the world's GDP. Inextricably bound up with straightforward criminal markets is a spiraling level of corruption throughout much of the world. For a common strategy of criminal syndicates is the "capture" or "semicapture" of a state. American and European law-enforcement agencies now categorize the West African country of Guinea-Bissau as the world's first "narcostate," a place where the levers of official power are now entirely at the disposal of operations moving cocaine from South America...
...socialized health care”—as it is known on Fox News—is also much cheaper than its American analogue. In 2006, Americans spent 15.3 percent of their GDP on health care, whereas Canadians spent 9.8 percent. In fact, the quintessential American company, General Motors, signed a letter declaring that “it is vitally important that the publicly funded health care system be preserved and renewed” in Canada. Because of the effective, socialistic health care system in place, a multinational corporation—Toyota—opted to construct...
...world-class public-health schools around the country. The government has also promised more money for rural health through its ambitious National Rural Health Mission. The Congress Party, which leads India's coalition government, says it will increase public-health spending from the current 1% of India's GDP to up to 3% by 2010, but that's still just half the rate at which countries with comparable per capita incomes such as Senegal and Mongolia fund their health sectors. "What has been a fatal flaw in our approach is that we have gradually abandoned comprehensive health care...
...loaf of bread costs 7 million Zimbabwean dollars. And it only gets worse: current trends suggest inflation will spiral even further out of control in the upcoming months. Inflation represents only one of the problems of the country. According to the International Monetary Fund (IMF), Zimbabwe has had negative GDP growth rate for the past decade, with GDP per capita falling by 40 percent in the past seven years. During the same time Zimbabwe has experienced a 51 percent drop in agricultural output, a 47 percent fall in industrial production, and a 35 percent decline in resources output. The alarming...