Marilyn Waring was only 22 when she was first elected to the New Zealand Parliament. She was shocked and dismayed when she learned that all countries that are members of the UN are forced to keep their books and design their budgets under the system of National Income Accounting. This GDP system counts only cash transactions in the market and recognizes no value other than money. This means there is no value to peace and to the preservation of the environment.
This segment opens with war. Under the GDP accounting system war is the biggest growth industry of all. A segment recorded in the Philippines shows that the labor of women feeding their children with subsistence agriculture is of no value, while sexual slavery that brings tourists to the country is counted as valuable in the GDP. Waring ends by proposing a time based accounting system and recommends that women take over the political process by demanding gender parity.Â
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