Recently, I visited Hong Kong and China for the first time. Traveling to Hong Kong was a lifelong dream for me, as I have long admired the economic freedom that it possesses. But how would the real Hong Kong appear to me, as opposed to the theoretical place that topped the Economic Freedom lists? And would Hong Kong be significantly changed, given the 20 years it has been under Chinese control? I thought the real Hong Kong was incredible. This city of skyscrapers was absolutely beautiful, with a skyline that rivals and perhaps surpasses any city in the world. Hong Kong…
The Chief Executive of Hong Kong recently lamented that permitting democratic elections there would permit too many relatively poor people to vote. He fears that this group – comprised of those earning less than $1,800 per month, in his view – could vote themselves excessive benefits and endanger Hong Kong’s prosperity.
The irony is delicious – the Chief Executive, vetted for his position by the Communist Party of China, opposes democracy because it empowers the poor. May the communist slogans in China rest in peace!
But does the Chief Executive have a point, at least in the Hong Kong context?