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.

Banning Child Labor

From time to time I wonder whether some people are merely stupid or whether they are inherently evil. Or maybe they are actually stupid evil bastards. Just yesterday a report on the NPR show Marketplace got me wondering. It reported that India has recently passed a law outlawing child labor in households and in restaurants. It noted that employing children in factories was already banned.