Friday, June 20, 2008

Millions of poor people, mostly women, spend hours carrying water. And it's not even good water. Tyler Cowen wants to sell it to them instead. And he doesn't even want it to be cheap:

Carrying water on your head costs much more--in terms of both money and effort--than piped water. If you're a poor person, wouldn't you rather face a private monopolist, selling you water through pipes, than not have any water company at all? Whether we like it or not, those are the real world alternatives.

The idea here is not that greedy soulless monopolistic corporations are good, but that greedy corrupt incompetent governments are even worse.

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