Does International Development Work?

In a well thought out piece in the New Republic, Michael Hobbes argues the answer isn’t ‘yes’ or ‘no’, but the expectations for aid programs to completely reinvigorate an economy or improve health care dramatically are often overestimated.  Consider the case of a program that distributes food to individuals who are malnurished. In Udaipur, India, a…

Capitalism vs. Competition

Nevertheless, devaluing competition is a central theme of Thiel’s new book. He asserts that “capitalism and competition are opposites,” because “under perfect competition, all profits get competed away.” He exhorts entrepreneurs to seek out monopolies, concluding, “All happy companies are different: Each one earns a monopoly by solving a unique problem. All failed companies are…

CrowdMed

Last week, I had an interview with Jared Heyman, Founder of the CrowdMed website. What is CrowdMed? Here is the website in the firm’s own words CrowdMed (www.crowdmed.com) is harnessing “the wisdom of crowds” to help solve the world’s most difficult medical cases quickly and accurately. On CrowdMed, a patient with an undiagnosed medical condition can post…