Privacy or Transparency – Who Gets to Decide?
I’m all for transparency. I’ve seen it playing a crucial role for businesses, helping build trust and leading to a higher level of engagement, loyalty and accountability. But should transparency be forced,
The Hidden Cost of Government Subsidies
One of the tools that governments worldwide use to drive the economy is industrial policy. They attempt to promote competitiveness in key sectors through targeted interventions. There is a strong and renewed global trend of governments actively intervening in key industries like
Cybersecurity Pros Face the Dual Challenge of Cyberthreats and Compliance
Cybercrime is getting smarter even as I write this. Threat actors today are leveraging Artificial Intelligence (AI) to create and implement highly sophisticated attacks. AI has made phishing and social engineering attacks more effective than ever before.
Proof of the Pudding is in Fasting
Diet fads come and go. Most of the times, science proves these fads are either inefficient or unhealthy. But fasting isn’t a fad. It’s an ancient practice, followed in India for thousands of years. Modern
This is the Only Real Reason for Inflation
When President Donald Trump announced his tariff policy, the loudest objections were focused on this sparking inflation. There seems to be a broad agreement that tariffs will
Monopolies Arise in the Absence of Free Markets
Many of the monopolies today are state-owned entities, which are highly susceptible to political interference. Politicians may use them as tools to achieve personal or political goals, such as rewarding loyal supporters with management positions or contracts,
Argentina’s Shift to Free Market Policies Is Starting to Pay Off
From a $20 billion bailout deal with the IMF in April 2025 to the same agency projecting GDP growth for the year at 5.5% in August, Argentina has certainly come a long way.
Economic Nationalism Will Be Detrimental to Global Economic Growth
After a long and tedious history, Economic Nationalism (a focusing on domestic interests and following protectionist policies) had been shelved my most countries.
Ease of Doing Business Can Propel India’s Trajectory to Becoming the Third Largest Economy
India has long maintained a track record of being among the fastest-growing economies worldwide. The latest
Government Debt and its Impact on Economic Growth
Global government debt is at a record high, exceeding $97 trillion in 2023, which is more than 90% of the global GDP. Wait, it gets worse. This trend is expected to continue, with debt levels potentially surpassing 100% of GDP by the end of the decade.
Rakesh Wadhwa. Ever since, I was a school boy, I knew India was on the wrong path. Socialism was just not what we needed to get ahead. Government controlled our travel; government controlled our ability to buy and sell; and government controlled our freedom to move our money. My life has focused on the inherent rights people have. When I was in college, I never understood, what the governments meant by their "socialistic attitude". If people are free to buy, sell and move their capital themselves without any restrictions by state, then the welfare of people is inevitable & hence the countries they live in will become wealthy.
The Bastiat Award is a journalism award, given annually by the International Policy Network, London. Bastiat Prize entries are judged on intellectual content, the persuasiveness of the language used and the type of publication in which they appear. Rakesh Wadhwa won the 3rd prize (a cash award of $1,000 and a candlestick), in 2006.
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