The Regulatory Trap: Are the Most Regulated Industries the Least Innovative?
Why does it take 10 years to bring a life-saving medical drug to the public, but only 10 months to launch a social media app? It isn’t the science; it’s all about the red tape.
The Core Conflict: Fiat Opacity vs. Bitcoin Transparency of Value
What type of currency would you prefer for your everyday transactions? Government-issued money (fiat currency), like the US dollar and euro
Privacy or Transparency – Who Gets to Decide?
I’m all for transparency. I’ve seen it playing a crucial role for businesses, helping build trust and leading to a higher level of engagement, loyalty and accountability. But should transparency be forced,
Cybersecurity Pros Face the Dual Challenge of Cyberthreats and Compliance
Cybercrime is getting smarter even as I write this. Threat actors today are leveraging Artificial Intelligence (AI) to create and implement highly sophisticated attacks. AI has made phishing and social engineering attacks more effective than ever before.
Prohibition: Archaic Remedy That Failed (Part 4)
Read Part 1, Part 2 and Part 3 of this series of articles.
What goes around, comes around and the buck stops only when the head understands the cost of doing things without a long-term vision and in the absence of a rather basic respect for the rights of others. Just as the US government had
Prohibition: Archaic Remedy That Failed (Part 3)
Read Part 1 and Part 2 of this series of articles.
Prohibition of alcohol has proved to be a failed experiment a hundred years ago in the US. The biggest case against prohibition is the 13-year ban enforced in the US. You must keep in mind that pre-prohibition crime rates in the US
Prohibition: Archaic Remedy That Failed (Part 2)
Read the first article of this series here.
Prohibition has been rejected by even the World Health Organization as a failed effort. However, India remains one of the few countries that
Prohibition: Archaic Remedy That Failed (Part 1)
Definitely, the Government imagines that handholding a nation of 1.252 billion will teach our multitudes the discretionary wisdom to judge right from wrong. Strangely, when looked at in entirety, one wonders if it is the Government that needs handholding to help it understand the cockamamie ideas,
Apple vs the FBI – A Case of Privacy vs Security
On December 2, 2015, two terrorists, Syed Rizwan Farook and his wife Tashfeen Malik, killed 14 people and injured 22 others in the city of San Bernardino, California. The couple were shot dead by the police in a shootout following a chase.
Atlantic City Casinos in Peril: Will Governor Christie Come to the Rescue?
With four out of the 12 casinos in Atlantic City shutting down in the last eighteen months, Wall Street gas been speculating about what these changes indicate. Some believe that the market is right sizing, since the demand for
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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