Democracy after Capitalism or Capitalism after Democracy?
Democracy after Capitalism or Capitalism after Democracy? Does the order really matter? This is a question I have always wondered about. Democracy and capitalism have always been thought in the same light. Irrespective of the order, the very coexistence
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.
3 Most Common Myths About Capitalism
If we take a look at the economic history worldwide, private businesses have been instrumental in improving the standard of living. Business houses have created job opportunities, invented products, made profits, helped impoverished people and
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.
Are Indians Inherently Corrupt?
CWG scam… NRHM scam… Adarsh Housing Society scam… Kargil Coffin scam… Bofors scandal… and the list continues!!
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:
Zero Tolerance for Corruption
The number 1 topic of discussion these days is corruption. Will putting people in jail solve the problem? Is it even the right thing to do? NO.
Is a Free Economy a Fair Economy?
The United States of America has emerged an economic superpower during the last couple of decades primarily because of its liberal trade policies. The world’s biggest ‘free trade’ zone was created with the removal of restrictions on
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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