Thursday, October 6, 2011

The India pad 'solution'...hmmm...

It was recently revealed, " India introduced a cheap tablet computer Wednesday, saying it would deliver modern technology to the countryside to help lift villagers out of poverty."   As you read the article, ponder this.  TANSTAAFL.  MB ≥ MC  Gov't involvement in the economy.  Competition with others who already have equivalent resources, and may not make it to 'university' if those slots are filled by the new ones who received the cheap tablets paid for in part by the taxes from the ones already with resources.  Equity v Efficiency  Also, what of the infrastructure?  How will the tablet connect to the internet?  Will it connect?  Is the gov't paying to wire all the villages?  What use would a tablet be if it cannot be connected?  How will the poor villagers power their tablets?  Etc.

"If it seems too good to be true..."


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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?