Have you ever wanted the god-like power to create entire worlds? Wondered what it feels like to destroy a universe with the flick of your hand? Then become an accountant. That’s right, you heard me. The Great Creators (and Destroyers) of reality are the people who define what is worthy of measurement.
Current wisdom says that the amount of global economic activity is the total of Gross Domestic Production (GDP) for all countries in the world. This number tells us how much value is created each year through productive activity. And yet none of this activity would be possible if children were not born, raised by devoted parents, and educated by society. The most essential “productive” activity performed by humans is parenting. And what is the net economic value of parenting? Zero. Zilch. Nada. It doesn’t exist as far as economists are concerned.
And how do we know this? Because it doesn’t appear on the accounting books! Being a mother has no economic value — at least not according to the accounting schemes used by macro economics today. This sweeping power to make massive value-creation disappear is wielded by accountants every single day. Continue reading “Want the Power of a God? Become an Accountant!” »