the Evil Line

Apparently India has more cellphones than toilets. Pascal-Emmanuel Gobry asks, very effectively, "so what?"

In the developing world, cell phones are not just communication devices — though even that would be crucial in regions where none other exist. They are used by farmers, fishermen and traders to get the best market prices for their goods, significantly improving their standards of living. Cell phone minutes have emerged as something close to an alternate currency system that helps people store and move money safely in an environment where personal security is not a given. Telecoms operators in developing countries are at the forefront of mobile banking, and anyone who follows development has some idea of how important and transformational getting the “unbanked” into the formal financial system, and cell phones seem to be the best hope of that.