If Reagan, Thatcher and Modi were to Meet…
There is a lot of speculation about how Narendra Modi is the Indian Ronald Regan, or in some other circles, the Indian Margaret Thatcher. While the comparisons are not unfounded, the three have distinct personalities and distinct
Free Market Thinkers who Won the Sveriges Riksbank Prize in Economic Sciences
In The Making of Modern Economics: The Lives and Ideas of Great Thinkers, Mark Skousen, the esteemed economic analyst, stated that the Swedes mostly rewarded free-market economists. The Swedish Central Bank started the Prize
The New Age King Solomon and his Mines
The closest we can get to a real life King Solomon of the Biblical stories is probably Solomon Kerzner, the South African business magnate. He maybe likened to antiquity’s King of Israel for both his wisdom and his wealth. The ‘Sun King’ of
What the Launch of Tigre De Cristal Portends for Asian Casinos
The much awaited Tigre De Cristal, the largest casino in Russia, will be launched on August 28, 2015, in the Primorsky Integrated Entertainment Zone (IEZ) in Vladivostok, one of the four gambling zones legalized by Russia. The project is
Establishment of Free Markets is Directly Proportionate to Technological Advancements
The advantages of a Free Market are many, and obvious to those who know where to look. While the skeptics continue to fester, there is no dearth of evidence in favour of capitalism. One of the most pertinent findings is that the capitalist
David Ricardo: Following the Footprints of Adam Smith
In many ways, Ricardo’s economic views mirror that of Adam Smith’s teachings. He believed that the market, although in many ways imperfect, was better left “untouched” by restrictions. According to Ricardo, government intervention only prevents the economy
Who is Julian Le Grand?
Sir Julian Ernest Michael Le Grand is a name well known amongst the intellectuals of the United Kingdom. However, he is not just a man who is known among other men of letters. He is just as popularly known among socially aware citizens due to his
Macau Revenues Plummet
After a resounding success in the financial year of 2013, wherein the Macau casino market drew in a single year record revenue of $45.2 million, 2014 witnessed a slowdown that gave way to a plunge in 2015. The first significant dip was in October 2014,
Does the European Union Strive for a Free Market Economy?
The 21-year old European Union has been a lightning rod of controversy, following the unwillingness of Ukrainian President Viktor Yanukovych to sign the agreement with them. Additionally, since Iceland’s withdrawal of its membership,
Taxes Impede the Transformative Project to Build a Binghamton Casino
Albany area financier Jeffrey Hyman had received unanimous support from the Binghamton council for his proposal for the Southern Tier Star Casino and Conference Center. This proposal was to compete in the bidding process run by
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 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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