The Recent Rollercoaster Ride of Macau’s Gaming Industry
Macau’s gaming industry has finally started gaining momentum, after two long years of struggle. China’s gambling hub had been a raging success story. In fact, it rapidly overtook Las Vegas to become the world’s most profitable gambling city
Japan is Betting High on Casinos for Economic Growth
For nearly a decade, Japan’s political stance on casinos resembled Newton’s Cradle. After years of deliberations, the country finally seems to be moving forward to opening its economy for the
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
Don’t Miss Rakesh Wadhwa Speaking at FreedomFest 2018
Businessman and economist, Rakesh Wadhwa has been invited to speak at FreedomFest, scheduled for July 11 – 14, 2018. The event will be hosted in Paris Resort at Las Vegas, California, USA.
Free to Flourish – II
Regulators are baffled. Governments have no idea how to tame this one. And, the market is flourishing. I’m talking about ICOs, or initial coin offering, a novel way for businesses to raise funds for their innovative ideas
Free to Flourish
Regulators are baffled. Governments have no idea how to tame this one. And, the market is flourishing. I’m talking about ICOs, or initial coin offering, a novel way for businesses to raise funds for their innovative
India’s Rank Improves in the Human Freedom Index; But Still a Long Way to Go
Do you enjoy freedom in your country? The term “freedom” is so vast and relative that you may not have a definite “yes” or “no” answer. Well, you don’t need to wonder. The latest Human Freedom Index (HFI) report of 2017
Continue to Bet on the Global Casino Industry: A Look at 2017 and Expectations for 2018
The global casino industry has staged continued growth for years, even in the face of adversity. Hiccups such as the 2008 housing crisis in the US, Europe’s debt crisis in 2010 and China’s financial crisis in 2017 have been offset
India is on the Brink of Unmatched Growth; What’s Holding It Back?
India is an economy whose time has long come. People were yearning for change and emerged with great hope from the shackles of a lethargic and indecisive government. Although progress has been made in the right direction, there are things that are
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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