The search for fire
Telecoms tycoon Carlos Slim of Mexico has now displaced Bill Gates as the richest man in the world. Engadget comments.
The poorest people are to be found in the Third World. And so are the richest. The telecomms boom has been nothing short of transformative in many countries, where people went from not having a phone to suddenly having cell phones. During a visit to the Philippines I found that a remote acquaintance had managed to earn about $20 million in a year by supplying a cell phone utility. I lunched with a telecomms executive, of no mean intellectual ability, who seriously compared the arrival of cell phone technology to the invention of fire.