wisdom? Whose?

["Dr.S.Sabhlok" <sanjeev@sabhlokcity.com>]

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[Topics under debate]: GOOD GOVERNANCE
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> > Charu wrote:
> >
> > > In theory, because the private sector is driven by profit,

THAT SHOULD BE THE ONLY MOTIVE - THAT AUTOMATICALLY LEADS TO OPTIMUM
SOCIAL WELFARE IN ALL EXCLUDABLE AND RIVAL GOODS (CF. ELEMENTARY ADAM
SMITH)

and the
> > > conventional wisdom is that with the low densities phone
> subscribers
> in rural
> > > areas, there is not much profit to be made in bringing telecom to
> rural areas,
> > > so private companies won't do it.

VILLAGERS, WHO PAY NO INCOME TAX IN INDIA, AND SOME OF WHOM ARE QUITE
RICH, ARE USED TO PAYING HIGH BLACK PREMIA FOR 'GOVT. ORGANIZED SUPPIES'
LIKE K.OIL TO GOVT. VENDORS - A SYSTEM THAT - AMONG MANY SUCH SYSTEMS,
FUNDS THE ELECTORAL PROCESSES OF INDIA, THROUGH BRIBES UP THE LADDER.

JUST LIKE WE ARE USED TO, AS CITIZENS, TO PAYING HIGH BLACK PREMIA FOR
GOVT. ORGANIZED TELECOM IN URBAN AREAS. SUCH 'WISDOM' AS YOU CITE IS
ULTIMATE FOLLY. WAKE UP!

COMPETITION WILL - AS IT ALWAYS HAS AND ALWAYS WILL - ENSURE LOWER
PRICES, MARKET-CLEARING SUPPLY, AND INNOVATION - EVERYWHERE, IN URBAN
AND RURAL AREAS, IN USA AND IN INDIA, IN TIMBUCTOO AND IN NEW ZEALAND.

ALL OTHER TALK IS MERE RUBBISH. FOR PUBLIC GOODS THE SITUATION IS
DIFFERENT. BUT TELECOM IS NOT A PUBLIC GOOD.


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