Wish to Build an Innovative Company? Fire Your Innovation Officer
If you want your company to invent the “next big thing,” your first instinct might be to hire a Chief Innovation Officer (CINO). It looks great on a press release.
The Regulatory Trap: Are the Most Regulated Industries the Least Innovative?
Why does it take 10 years to bring a life-saving medical drug to the public, but only 10 months to launch a social media app? It isn’t the science; it’s all about the red tape.
The Geopolitics of Friend-Shoring: Free Markets in a Divided World
The global economy is changing fast. For decades, companies sought the lowest-cost producer. This was the core idea of the free market. Now
The Core Conflict: Fiat Opacity vs. Bitcoin Transparency of Value
What type of currency would you prefer for your everyday transactions? Government-issued money (fiat currency), like the US dollar and euro
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,
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 government has no right whatsoever, to point a finger at me or my business. I am not a revolutionary. I just want to light up my cigarette and not get nagged about it. I believe in non-interfering attitude to attain more. 
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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