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Hong Kong and Capitalism
futureofcapitalism.com

A recent Bloomberg View column described Hong Kong as "a case study in the flaws of one brand of capitalism." What brand of capitalism? "Finance-driven capitalism," the column says, or "laissez-faire" and "the Anglo- Saxon economic model," explaining that "The free-market crowd adores the city for its low taxes, unrestricted entry of foreign capital and rule of law." The column goes on to complain about income inequality, asserting, "suddenly, it's not much fun being Hong Kong."

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Hong Kong and Capitalism
futureofcapitalism.com

A recent Bloomberg View column described Hong Kong as "a case study in the flaws of one brand of capitalism." What brand of capitalism? "Finance-driven capitalism," the column says, or "laissez-faire" and "the Anglo- Saxon economic model," explaining that "The free-market crowd adores the city for its low taxes, unrestricted entry of foreign capital and rule of law." The column goes on to complain about income inequality, asserting, "suddenly, it's not much fun being Hong Kong."

Read More...


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William Pesek

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