Monopolies Arise in the Absence of Free Markets
Many of the monopolies today are state-owned entities, which are highly susceptible to political interference. Politicians may use them as tools to achieve personal or political goals, such as rewarding loyal supporters with management positions or contracts,
Murray Rothbard: Author, Economist & Anarcho-Capitalist
Murray Newton Rothbard was one of the most important leaders of the American libertarian movement of the 20th century. He proposed a form of free markets that he termed “anarcho-capitalism.” This was both a philosophical and an economic belief that individual responsibility is more important
Free Market Thinker Rakesh Wadhwa to Speak at Capitalism & Morality 2019
On August 3, 2019, some of the finest minds would be getting together in Vancouver to discuss the philosophy of freedom and liberty. This annual event brings together thinktanks and leaders from across the globe to meet and share their ideas.
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
From Vegas to Vancouver: Championing the Cause of Free Markets
The more any government stifles the idea of free markets through rules and legislations, the more people would try and “find a way out” and the results can be catastrophic for an economy. It is for this reason that champions of the
Free Market Thinker Rakesh Wadhwa to Speak at Capitalism & Morality 2017
On July 29, 2017, some of the finest minds would be getting together in Vancouver to discuss the philosophy of freedom and liberty. This annual event brings together thinktanks and leaders from across the globe to meet and share their
Crony Capitalism is on a Decline
Crony capitalism is on a decline, according to the Economist’s index of crony capitalism created in 2014. The Economist index shows that in 2016, Russia has the highest amount of crony capitalism; crony sector wealth constitutes 18% of Russia’s GDP, out of
Dr. Roy Spencer: The Meteorologist Who is a Free Market Thinker
It is rare to come across a person who is as diverse as Roy Spencer. He describes himself as a climatologist, author and a former NASA scientist. Other than his many contributions academically, he is also attributed with many memorable
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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