Fiat Money: Is It a Failed Experiment?
News of scams and cyberfraud are rampant now, and their proliferation can send chills down the spine. As many as 85% people were targets of digital scam attempts, according to the 2024 Secure Living survey across 7 countries. While such news grabs the spotlight,
Why the Next Nvidia or Netflix Won’t Be a European Company
Europe was the first major region to progress to a modern economy. The commercialization of agriculture and continuous cropping in the 17th century fueled the Industrial Revolution in the 18th century. Its history of innovation supported factory production and specialized
Global Minimum Tax Deal: The Flawed Notion of “Fair” Taxes
What do you call it when someone threatens you with dire consequences unless you pay them a part of your hard-earned money? Maybe mugging or theft? Taxes are not that different. You part with some of your money because you don’t want to face
The EU’s Carbon Tax May Hurt Everyone
On 25th April, the EU parliament voted in favour of a new law: the Carbon Border Adjustment Mechanism (CBAM). The first-ever carbon border tax aims at reducing greenhouse emissions by 55% by 2030. The legislation means taxes being levied on
Can Government Intervention Help Economies Fight the COVID-19 Crisis? (Part 1)
The coronavirus pandemic is a human tragedy, given its high death toll. But this deadly virus has infected more than human health. It threatens to send the global economy spiraling into a recession.
Can Tax Cuts Revive the Indian Economy in 2020?
The Indian economy dipped close to 6-year lows in the July-September quarter, touching 4.5%. In fact, following a glorious run in 2018, the economy struggled through 2019, with the three key drivers of economic growth, investment, consumption and exports, declining. Both
The Global Sugar Industry Needs a Free Market System to Flourish
The global sugar industry is expected to grow at a compounded rate of 2.9%, from around $75.6 billion in 2018 to cross $89 billion in 2024, according to a report by ResearchAndMarkets.com. Although there is no dearth of global demand for sweetened
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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