Myths About Free Markets Debunked!
The AT&T deregulation in the 1980s offered competitive phone rates to the market. The US airlines deregulation in 1979 facilitated lower airfares and more choices to consumers. Despite these historic successes of a free market system, those
Can Free Markets Battle Corruption?
When Alexander the Great visited the philosopher Diogenes and asked whether he could do anything for him, Diogenes is said to have replied: ‘Yes, stand a little less between me and the sun.’ It is what every citizen is entitled to ask of his government.
Government Regulations Hamper Growth of Small Businesses
Being an ardent supporter of the free market, I had always known that government interventions curb entrepreneurs’ innovativeness, thus leading to fewer opportunities for all. Data from the World Bank Group Entrepreneurship Survey (2008) proves it. World Bank economists
History of Casinos and Gambling in Nevada
Did you know that gambling in Las Vegas is intricately linked with the Hoover Dam? July 3, 1930 saw President Hoover signing the bill for the establishment of the Boulder Dam (now known as the Hoover Dam). In 1931, when the construction work began, 5,128 workers were
Are Indians Inherently Corrupt?
CWG scam… NRHM scam… Adarsh Housing Society scam… Kargil Coffin scam… Bofors scandal… and the list continues!!
Will Kasab Ever Die?
An overwhelming majority of people supported the death sentence for Kasab. More importantly, an overwhelming majority of those who were his victims or relatives of those he killed wanted him executed.
Can Casinos Boost the Economic Growth of Our Nation?
Sri Lanka plans to introduce new laws this year to attract investments from casinos and hotel chains abroad. While Sri Lanka already has a thriving local casino industry, the government believes that laws permitting foreign investment in gaming will stabilize the sector
Will Free Markets Ruin Society?
I am a staunch believer in free markets. But that isn’t reason enough for you to be convinced. Let’s instead consider a recent study in this field. Let us consider what some experts have to say regarding whether free markets will ruin society:
Can India Ever be Free of Corruption?
‘Trial Opens in Indian Telecoms Case’
‘Graft Scandal Hits Indian Opposition’
Are these the newspaper headlines we
Trade and Prosperity: Where Does India Stand?
Economic Growth and prosperity have always been measured by the values and volumes of international trade. Both exports and imports are critical to economic development and prosperity. Exports bring in the much-needed foreign exchange and earnings into
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.
What the readers are saying…