You may be right, but what a depressing approach to the news business.
Have you seen the story about the first class passenger being threatened with handcuffs?
This paradigm is actually the logical conclusion of American “capitalism:” Influence members of Congress with your monopoly profits, and then treat people based upon their ability to contribute to your bottom line, and your bonus at the…
This all happened under Obama. What is worse is that it appears that officials in his administration basically lied about not engaging in this kind of activity. Search for “zero day” and Kim Zetter in Wired’s archives.
Modi’s goals are laudable, and it’s great for these mobile companies, but is this all making life easier for the poor, and the supposed people Modi wants to help? So far, the evidence suggests not.
Another aspect of this demonetization story as it relates to tech is how the government didn’t anticipate that they would have…
That’s the hope, but 67 percent of Indians live in rural areas, according to data from the World Bank, and a significant portion of those areas don’t have access to banks. And 75 percent of those rural households are very poor ….
Not sure why India should be an example. Why not Kenya or Nigeria? According to this HBR article, “India’s Botched War on Cash:” “Fewer than 2% of Indians had used a mobile phone to receive a payment, compared to over 60% of Kenyans and 11% of Nigerians.”
It’s great that these companies are doing well, and able to address some of the serious issues that Indians face, but I’m wondering how far this can go if people can’t read. The literacy rate in India is spotty. According to UNESCO, India is home to the largest population of illiterate people in the world (37%.)
They’re obligated to be on the side of a.) their shareholders; b.) their users, which encompass the entire political spectrum, I would imagine.