The Global Sugar Industry Needs a Free Market System to Flourish
The global sugar industry is expected to grow at a compounded rate of 2.9%, from around $75.6 billion in 2018 to cross $89 billion in 2024, according to a report by ResearchAndMarkets.com. Although there is no dearth of global demand for sweetened
One Government Misstep Can Cause a Great Leap Backward for an Economy
President of the Philippines Rodrigo Duterte has once again decided to crack down on the country’s gambling industry. Earlier this year, Macau’s Galaxy Entertainment Group was made to “convince” President Duterte of
Will Trumponomics Drive America into Another Recession?
The Trump economy received an “important endorsement” from Fed Chairman Jay Power, who said, “The US economy is in great shape…Most people who want to find jobs are finding them,” said an article published by Yahoo Finance on June
Will Some Countries Continue to be Poor?
More than 8% of the world population live in “extreme poverty”, according to figures reported by the Federal Ministry for Economic Cooperation and Development. Does that sound like
Are High Taxes Good for the Economy?
Advocates of high taxes are often heard saying that taxes strengthen the nation by funding essential public utilities (like highways and elementary schooling) that benefit citizens and facilitate businesses. On the other hand, free
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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