Atlantic City Casinos in Peril: Will Governor Christie Come to the Rescue?

Atlantic City Casinos in Peril: Will Governor Christie Come to the Rescue?

Posted by: on Sep 28, 2015 | No Comments

With four out of the 12 casinos in Atlantic City shutting down in the last eighteen months, Wall Street gas been speculating about what these changes indicate. Some believe that the market is right sizing, since the demand for

If Reagan, Thatcher and Modi were to Meet…

If Reagan, Thatcher and Modi were to Meet…

Posted by: on Sep 14, 2015 | No Comments

There is a lot of speculation about how Narendra Modi is the Indian Ronald Regan, or in some other circles, the Indian Margaret Thatcher. While the comparisons are not unfounded, the three have distinct personalities and distinct

Macau Revenues Plummet

Macau Revenues Plummet

Posted by: on Aug 5, 2015 | No Comments

After a resounding success in the financial year of 2013, wherein the Macau casino market drew in a single year record revenue of $45.2 million, 2014 witnessed a slowdown that gave way to a plunge in 2015. The first significant dip was in October 2014,

Top 3 Pro Capitalist Hollywood Movies

Top 3 Pro Capitalist Hollywood Movies

Posted by: on Dec 5, 2014 | No Comments

Over the years, a number of movies have revolved around capitalism, system stability and economic crisis. There are an even greater number of documentaries

Where Does the Future of the Casino Industry Lie?

Where Does the Future of the Casino Industry Lie?

Posted by: on Mar 18, 2014 | No Comments

“Online gambling is ‘fool’s gold.’ Whether it is full casino gaming, poker only, or anything in between – this is a societal train wreck waiting to happen.” This is what Sheldon Adelson, Chairman and CEO of the largest gaming company in the world, Las Vegas Sands, had to say to Forbes Magazine in June 2013.

Dr. BR Ambedkar: A Free Market Economist at Heart

Dr. BR Ambedkar: A Free Market Economist at Heart

Posted by: on Mar 10, 2014 | No Comments

“Ambedkar is my Father in Economics. He is true celebrated champion of the underprivileged. He deserves more than what he has achieved today. However he was highly controversial figure in his home country, though it was not the reality.

Top 5 Must-Reads on Free Markets

Top 5 Must-Reads on Free Markets

Posted by: on Dec 26, 2013 | No Comments

Free Market is a hypothetical market condition where manufacturers and service providers can export, import and offer services under no conditions and with zero taxes, subsidies and policies involved. Being a highly debatable topic; many economists along the years have opposed or stood by

Prof. B.R. Shenoy: India’s Free Market Visionary

Prof. B.R. Shenoy: India’s Free Market Visionary

Posted by: on Nov 5, 2013 | One Comment

The birth of a nation represents sheer potential. Potential in terms of an unwritten future, that could go in any direction. The blank pages of history wait to be filled… with overlying goals, structure and the freedom to decide how to achieve the goals. When India became independent, it was faced with three economic models.

In India, ‘Economic Equality’ Continues to be Just Arm-Chair Idealism

In India, ‘Economic Equality’ Continues to be Just Arm-Chair Idealism

Posted by: on Mar 15, 2013 | No Comments

“Inequality in India has grown faster in the last 10-12 years than in any other time in our history since the colonial raj.”

–          P. Sainath, Senior Journalist and Rural Affairs Editor, The Hindu

We have all heard a lot of talk about the need for “inclusive growth” in India, especially in the last few years – ever since the powers that have had to face the deafening “anti-corruption” music, what with a barrage of multi-million dollar scams being exposed every other day by the increasingly activist television media of the country. One could ask – wasn’t that exactly what we set out to achieve more than 60 years ago? Wasn’t that the whole point of fighting the colonialists tooth and nail for freedom? Doesn’t political independence entail socio-economic independence too? The fact is – economic equality has become a victim of malevolent, ill-conceived, unnecessary, and overzealous government intervention into the economic lives of the people of the union.

The Rationale of Free Markets

Posted by: on Feb 27, 2013 | No Comments

To have any meaningful understanding of a socio-economic system, one needs to first gain an insight into two things – one, what purpose it is meant to serve, and two, for whom it is supposed to serve that purpose.