Full Cost Accounting

Full Cost Accounting

This power concentration funnels capital into the hands of a small, elite and super wealthy group of individuals, effectively allowing them to control the world for their own agenda. Trans National Corporations measure profit in artificial terms: the GNP or the GDP.  They do not practice Full Cost Accounting, which would account for the actual true cost of production. This must fundamentally change if we are to have a just society but there are signs that change is indeed coming with the Bhutanese proposal for a new index; the Gross National Happiness (GNH).