Tyler Cowen: observation

Transcript context

…[laughs] Far be it for me to say it has the best food, but I like Indian food. But it’s much better in India than in the United States. Is it the lower wage rate? Vegetables are so fresh, but so much food rots on the way to market. That to me seems counterintuitive, that the country with the freshest vegetables would have one of the highest rates of rotting on the highway. Well, there’s less use of fertilizer, and the highest rate of rotting is because we don’t have that infrastructure we talked about earlier. We need to build that infrastructure to take those vegetables to market because cities want those vegetables. They’d fetch a much higher price — that’s development for you. Based on services.…

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