Friday, January 31, 2014

Who's Counting? Marilyn Waring on Sex, Lies and Global Economics

Although the video was a little outdated, it really put into perspective the lack of recognition for women’s work in the economy. I completely agree with Marilyn’s view that just because a mother’s work at home isn’t paid or doesn’t generate cash value does not mean it is not beneficial or productive. I was upset after watching the video because it brought light to the fact that disasters are considered constructive for the economy’s growth while a woman working at home is considered not to be contributing to the economy. The message I most took home with me from the video was the idea of identifying time as the new currency instead of actual money. This would then mean that women who work around the clock at home would get credit for all their work even though it is not income generating.  I really liked this way of thinking because it means that all work will be accounted for and not just that work that creates money.

One of the things that I found the most shocking was when she spoke about the International Trade and Arms being the biggest growth industry of all. She spoke about how the top people of the trade and arms will always want war because it means generating a benefit for themselves in the face of environmental and human destruction. It was ridiculous to find out that the amount of money some countries allocate to military spending is more than what is allocated for educational spending. The example she gave of the cost of a single new nuclear submarine being equal to the annual educational expenditure budget of 23 developing countries with 160 million school aged children was preposterous. Even though I knew form previous economic classes that women who weren’t employed in income earning occupations were considered to be unproductive, after watching this video it put it into more perspective. The statistics and facts that she noted were hard to believe but I think it is better to know the difficult than not knowing at all.