Of Buffaloes and Children

The basic law of economics, of supply and demand, is a bitch. Like gravity, it is all-pervasive and you would have as much success overturning it as overturning the law of gravitational attraction or inventing the much sought after perpetual motion machine. It is primarily ignorance of basic physical conservation laws that makes inventors of perpetual motion machines attempt the impossible. A similar lamentable ignorance of economics also impels people to act as if the iron law of supply and demand can be ignored.

Financing Designer Cities

“If you believe that the money exists for building amazing futuristic cities in India, you must be certifiably insane.” That is the standard reaction to my scheme for building 600 cities for the 700 million Indians currently trapped in 600,000 villages. Where will the money come from? My answer is simple: out of thin air. That’s when they suddenly remember that they have an urgent appointment with their hair dresser or chiropractor.