Friedman on Hong Kong


After positive noninterventionism

"The success of laissez-faire in Hong Kong was a major factor in encouraging China and other countries to move away from centralized control toward greater reliance on private enterprise and the free market. As a result, they too have benefited from rapid economic growth. The ultimate fate of China depends, I believe, on whether it continues to move in Hong Kong's direction faster than Hong Kong moves in China's."
Milton Friedman, Hong Kong Wrong

I still think that Hong Kong will become known as The City that Ate a Country. I'm sorry to see the turn away from laissez-faire economics.

— NeoWayland

Posted: Sat - October 7, 2006 at 04:58 AM  Tag


 ◊  ◊   ◊  ◊ 

Random selections from NeoWayland's library



Pagan Vigil "Because LIBERTY demands more than just black or white"
© 2005 - 2009 All Rights Reserved