Is India Beginning to Recognise the Power of the Invisible Hand?
The Indian Economic Survey was released in January as a prelude to the Union Budget for 2020. In the report, Chief Economic Advisor (CEA) Krishnamurthy Subramanian has suggested several solutions to boost the Indian economy. This comes in highly challenging
Global Casino Industry Grapples with Geo-Political Pressures
A combination of global developments is proving costly for the casino industry. Coronavirus or Covid-19, a deadly virus has taken global centre stage, disrupting trade, supply-chains, tourism, business activities and even cultural events. The number of infected people has surpassed 126,000
Casino Industry Contributes Towards Finding a Coronavirus Cure
The Coronavirus epidemic (Covid-19) is one of the fiercest health epidemics to hit the world since the SARS 2002-03 outbreak. Originating in the Wuhan province of China in December 2019, the disease has already infected 71,442 people worldwide and killed 1,776
Senate Panel of US State of Virginia Passes Casino Legislation Bill for Five Cities
The US state of Virginia is home to more than 8 million people. Over the last couple of years, more residents have been pushing policymakers to change the state’s gambling laws. Although the state had many gambling avenues in the 1800s, these were made illegal during
Murray Rothbard: Author, Economist & Anarcho-Capitalist
Murray Newton Rothbard was one of the most important leaders of the American libertarian movement of the 20th century. He proposed a form of free markets that he termed “anarcho-capitalism.” This was both a philosophical and an economic belief that individual responsibility is more important
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
Cambodia’s Casino Drive: Another Asian Success Story
The casino industry is booming across Asia, with the proliferation of integrated casino resort facilities in destinations like Macau, Singapore and Vietnam. Macau has been a prominent gaming hub in the continent, with revenues surpassing Las Vegas casinos. At
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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