Casino Industry Treated Differently from the Entertainment Industry
Yes, we have all heard the old bugbear of how gambling is bad for society. However, gambling is nothing but a common noun belonging to a larger family of more respectable relatives like ‘games of chance’, ‘betting’, and ‘probability.’ Yet,
Free Trade and Milton Friedman: True Always
Following from the golden legacy of Adam Smith, who opined that free trade could exist to solve most of the economic crises of the world, it probably is Milton Friedman who ever did recognize the urgency that the system had to be embraced with. The Nobel laureate born in New York, gifted markets and economies,
No Casino is an Economic Island
In 2007, Macau overtook Las Vegas in revenues. More than 50% of Macau’s economy is based on gambling. The island boasts of 33 casinos that operate under a government franchise. Attention to this little hub of economic prosperity has undoubtedly led to the Chinese cabinet passing the Offshore Islands Development Act,
The 5 Most Popular Casino Games
Casinos have always been places of glamour games. Be it the ruthless ransacking of the treasures of Europe’s ‘high rollers’ in the centuries gone by, or the chaos and brouhaha over a ‘big player’ finished, casinos have succeeded in keeping up their charm and allure for their lovers.
Is Sri Lanka the Next Asian Casino Hotspot?
Ever since Las Vegas Sands’ Chairman and CEO Sheldon Adelson expressed his desire to have a beach head in India, speculations are rife that this might spell a bounty for the island nation that lies southward of the country.
Free Markets and Liberty
Free markets of the modern world can be credited with inspiring economies towards redemption. And why not, when economists the world over testify it to be the best trade policy available. Instead of letting the authorities bar free resource use by autocratic taxation and stringent intervention in trade, deploying free trade can help solve many conundrums concerning trade and economy today.
How the Free Market Works
Free markets have been the idea that various doctors and thinkers of philosophy have espoused as being the sole approach to a truly democratic and equal society and economy. It is the free market and the free price system that makes goods from all over the globe, available to consumers.
Indians Are Not Blinking Idiots
This is an editorial by Mr. Rakesh Wadhwa in response to an article authored by Jug Suraiya and published on June 11, 2013 in the ‘Juggle Bandhi’ section of the Times of India. You may read the article here.
The Philanthropic Side of the Gaming Industry
According to a survey conducted by the American Gaming Association (AGA), every year, the gaming companies spend thousands of hours and more than US$100 million in charitable donations. Philanthropic efforts towards children, the destitute, food to the hungry and cleaning the society are some of the initiatives taken up by the online gaming industry to give back to the community. So,
A Eulogy for the Greatest Champion of Free Markets in Modern Politics
I say the greatest not because there weren’t others, but because there was or has been no other – till date, quite like her. Margaret Thatcher is the only woman statesperson who has been credited with an “ism” to her name. Her political and socio-economic ideology is today considered to be in a league with names as iconic as Marx, Gandhi, and Reagan.
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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