The RICHARD KOCHBREAKTHROUGHPRIZE is an annual essay competition run
by the Institute of Economic Affairs (IEA) and generously sponsored
by British businessman and author Richard Koch.
The competition carries a first prize of £50,000 which is presented
at a prestigious awards ceremony and dinner in central London.
THE 2019RICHARD KOCHBREAKTHROUGHPRIZE
The public debate on social justice in the UK often focuses on income inequality – and the vast disparities between the rich and the poor.
And solutions often focus on wealth redistribution, rather than wealth creation.
But how can you create a true meritocracy when the opportunities for the least well off to succeed are hampered by poorly performing schools, excessive regulation and a welfare system that stifles ambition?
The 2019RICHARD KOCHBREAKTHROUGHPRIZE is looking for answers.
A first prize of £50,000 will be awarded for the best and boldest entry answering the question:
What single policy would give everyone in society,
whatever their background, a real opportunity
to succeed on their own merit?
That policy must be both politically possible –
and compatible with a free market society.
The deadline for entries is 12:00 UTC (midday) on 27th June 2019