“That government is best which governs least,” said Henry David Thoreau. His quote is highly significant, especially in today’s age, when governments across the world are maximising their motive towards the concentration of power at the cost of citizens’ liberties.

Are we not witnessing protectionism then, instead of globalisation?

Ceteris Paribus (other things being equal), power and freedom can never be in a state of equilibrium. There is always a mismatch between these two variables when it comes to the economics of governance. When the government intervenes to a limited extent, the scope and quality of economic freedom becomes greater, inching towards prosperity. Most of us benefit, including the so-called ‘crony capitalists’ who find their way around the draconian laws.