Liberty Discussion is a program designed to engage and inform the core members on the ideas of market economy and classical liberal ideas. Discussions are made on contemporary issues (local or national) through open market perspective. The article is selected and shared within the members to prepare oneself for the program. The program is organized at the venue of Bikalpa – an Alternative on every alternative Saturday (twice a month).

Bikalpa, an Alternative, organized online “Liberty Discussion” on 22nd May 2021 . The discussion for topic was titled on “Extractive Institutions vs Inclusive Institutions”. Around 22 participants attended the session through Google Meet.

The session began After a quick introduction by a moderator.  Mr. Basanta Adhikari started by asking the participants to share their views regarding the topic. The discussion started with stressing the necessity of understanding of Extractive Institution and Inclusive Institution. The participant argued that Institutions could be inclusive or extractive. Inclusive economic institutions create the incentives and opportunities necessary to harness energy, creativity, and entrepreneurship in society while Extractive economic institutions do not. They said rich countries are rich because they have inclusive economic and political institutions while developing countries are poor because they have extractive economic and political institutions.

Likewise, participants also agreed that public policies and institutions both are important for development. However, the countries with supportive laws will fare better than countries with obstructive regulations. Participants also argued that our government is also acting like Extractive political institutions. We are experiencing economic stagnation and are far away from the path to economic growth.