Shutting Down Sweat Shops isn’t Going to Help!!
One of the oldest and perhaps the most misguided myths about capitalism is the notion that businesses and factories exploit the poor. Among the various anti-capitalist propagandas being touted by the Marxists, one of the most striking is the sad image of
Tiger Versus Dragon: Will the Indian Casino Industry Overtake Macau?
Are you wondering whether the dragon can really breathe fire when it opens its mouth? You would believe it if you read about Macau’s economic growth rate. What so fantastic about the growth? Any economy can surge for a couple of quarters, or maybe even a couple of years. Asia’s
Outsourcing vs. Obama
Barack Obama, the first black President of the United States and Nobel Peace Prize Winner, cuts across an impressive figure – one that inspires many from our generation. His speeches reflect intelligence coupled with idealism. He could very well be the next
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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