Articles written by Sukrit Sabhlok - Page 5

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About me - Sukrit Sabhlok

Sukrit Sabhlok is a writer of the Austrian School of economics and a libertarian. His work has most often focused on analyzing public policy issues from a free-market perspective. He is a vehement critic of expansionist foreign policy, which he views as "imperialist"

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Politics, News & Issues > Politics in Asia Governmental indifference at the root of violence in India: 1 of 1
The recent news that co-ordinated bomb blasts have ripped through Mumbai is no more than can be expected in a country governed by the incompetent. While the gravity of the attack is certainly shocking, no one should be surprised that it occurred. That's because India's government has always found it difficult to guarantee la... More..
Health & Fitness > Medicine Development Product testing: Striking a balance: 1 of 1
Should governments be involved in testing products before they hit supermarket shelves? Particularly in the area of pharmaceutical drugs, Nobel laureate economist Milton Friedman has argued they should not. It is easy to argue in favour of the lengthy Food and Drug Administration (FDA) approval process for drugs on the groun... More..
Computers & Technology > Computers & Technology (Other) Bridging the technological divide between the East and West: 1 of 1
Did Taiwan invent the computer? The answer is no. But how then is it that a large chunk of computer components are made in Taiwan? The reason is its policy of importing large amounts of the latest technology at the cheapest possible price, and then letting its domestic industries attempt to copy and produce what they have im... More..
Health & Fitness > Health Care Fixing the Australian health care system: 1 of 1
Australia has a system in which health care costs are spiraling out of control and absorbing an inordinate amount of resources while failing to meet the expectations of health consumers. The federal government contributes approximately 45% of the $79 billion a year (or nearly 10% of GDP) devoted to health care. The entire sy... More..
Politics, News & Issues > Constitutional & Contract Law Assessing the value of Tort law as a deterrent: 1 of 1
Put simply, tort' is a term used to describe an injury other than a breach of contract that the law will redress with damages. The proposition that tort law deters wrongful conduct and therefore should be used for this purpose has been empirically tested. Unfortunately, tort has been found inadequate in many respects. Its hi... More..
Politics, News & Issues > International News What lies behind Blair's claim that freedom is a security threat: 1 of 1
New war-time powers will soon be given to British police. In "The Age" (28 May 2007) Prime Minister Tony Blair is quoted as saying: "'We have chosen as a society to put the civil liberties of the suspect, even if a foreign national, first. I happen to believe this is misguided and wrong,' he wrote. Britons had decided that, ... More..
Politics, News & Issues > US Economy A call to separate welfare from the market: 1 of 1
There is an unfortunate tendency among policymakers to arbitrarily mix two separate issues. Poverty is one, and the market is the other. Union leaders and politicians are frequently found criticising policy based on the supposed effect it will have on the poor. This mentality has permeated debate on a great many matters, wit... More..
Politics, News & Issues > Politics in Africa The weaknesses of the 'Live 8' agenda: 1 of 1
With about 50% of its population below the poverty line, Ethiopia is one of the poorest countries in the world. A major industry (less so now) is coffee production. Producers in Ethiopia that deal in coffee understandably find it difficult to remain profitable in an environment where there is a global glut of coffee producin... More..
Arts & Humanities > History of Ideas A brief history of economic thought: 1 of 1
The spread of liberal ideas has been precipitated by more than 250 years of historical experiments. Economic thought can be said to have evolved since the father of modern economics, Adam Smith, published "An Inquiry into the Nature and Causes of the Wealth of Nations" in 1776. Karl Marx then wrote his famous work, "Das Capi... More..
Politics, News & Issues > Political & Economic Theory Australia: A brief history of trade liberalization: 1 of 1
Trade liberalisation can be defined as the progressive removal of tariffs, quotas and subsidies. There is a general consensus among economists that trade liberalisation has been beneficial for the Australian economy. As Adam Smith showed, the gains from specialising in one's comparative advantage and buying from abroad that ... More..