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Showing posts from March, 2026

A CALL TO CREATIVITY

Hello and welcome to The Looking Glass, WBGS' very own Academic Blog.  This year we are planning to breathe new life into this amazing blog as the Academic Head Boy team for 2025- 2026! However, at the Looking Glass we need your help to catapult this blog into it's GOLDEN AGE.  We need your articles, your essays, your opinions and your finest work to MAKE THE LOOKING GLASS GREAT AGAIN! If you have read something interesting or watched something that sparked a thought on social media -  WRITE ABOUT IT! If you entered a competition, however big or small - WRITE ABOUT IT! If you are interested in a specific field, issue or period - WRITE ABOUT IT! If you have produced artwork, a piece of music or creative writing - WE WILL PUBLISH IT! Your creative skills have been called to action - now we must muster to create, discover and explore.  You are the creative minds of the future. The Plato's, the Newtons, the Angelo's, the Nietzsche's. This is your calling.  This is Y...

Cryptocurrencies: The end of Traditional Banking or the beginning of a new dawn?

By Shrey Parikh What is Cryptocurrency? Have you ever wondered about cryptocurrency? What makes people talk about it, and what has led to its popularity during this decade? The answer is as follows: A cryptocurrency is a type of digital money or an alternative way of making payments, and it enables people to exchange goods and services securely without involving a third-party system. It is a peer-to-peer network or a system that enables everyone globally to make or receive payments. Whereas physical currencies are moved and traded in the real world, cryptocurrency deals exist only as digital entries in an online ledger that describes specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is typically stored in digital wallets, where the owner of the cryptocurrency has the private key to their wallet; this setup makes it impossible for any unauthorised party to access the wallet1 . Cryptocurrency in the modern econ...

Is lobbying good or bad for the economy and society?

  Lobbying - Friend or Foe? By Rishabh Sidana INTRODUCTION Lobbying describes attempts to influence government decisions by private-interest economic agents. In principle, the case for lobbying appears simple: governments are not omniscient. They are unaware of the needs of firms and citizens, leading to imperfect policies, and political disengagement. Lobbying serves a salient solution to filling this information gap – albeit one far from perfect.  LOBBYING: A STEP TOWARDS THE RIGHT PATH It would be reductive to examine lobbying’s harms without first acknowledging its merit.  Economically, developing nations with weak institutions may benefit from lobbying-induced efficiency gains . Contrarian views posit lobbying has universally negative impacts , yet this need not be the case. In extremely weak institutions, extractable rents eventually grow insufficient; firms that cannot depend on government influence are forced to raise productivity or open themselves to trade (wh...