Can India Become the Gambling Bowl of the World?
To be able to answer this question, let’s conduct a small tour across the only two states in India which boasts of casinos.
What Happens Today Under the Pretext of Free Market
Free markets caused the 2008-2009 global meltdown. I hear people say this a lot. How can “freedom” make people work against themselves? President Obama said in a speech that the recession resulted from the fact that “everybody was left to fend for themselves
Will a Laissez-Faire System Boost Economic Growth?
Which kind of economy would you vote for – a laissez-faire market or a planned economy? My vote is for free markets.
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:
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
Is India Truly Shining?
Is India doing well? This question is often asked, as to which the answer typically is that India is not merely doing well, it is in fact shining. India is the fourth largest economy in the world in terms of GDP. She is behind only the US, China
De-Regulate to Save Lives
It is a principle in economics that if prices of a product are reduced their demand increases. As regulations are ‘free’ and people who advocate or bring in regulations do not bear their costs, it is virtually certain that the demand for government
Control versus Freedom: Comparing India and Hong Kong
Hong Kong spreads over 1,104.4 sq km and is home to 7.097 million people. Its GDP was $224.1 billion in 2010 at a GDP real growth rate of 6.8%.
Hong Kong is one of the leading capitalist economies of the world. It has been ranked as the freest economy for 17 consecutive years in the Wall Street Journal and Heritage Foundation’s Index of Economic Freedom. Hong Kong has proved that resources are used most efficiently if market forces decide its allocation. Hong Kong is one of the richest economies in the world.
Why Inflation is an Agent of Poverty?
India has had high inflation compared to most nations. The inflationary situation has been volatile since the financial year beginning 2010.The inflation in the Indian economy reached as high as 14.86% in April 2010.
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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