| ||
← "Bribes make the world go 'round" |
Return to Main Page
| "Not much ado about nothing" →
| TrackBack (0)
October 11, 2006
You are on the invidual archive page of Thank god we're not (yet) Singapore. Click Simon World weblog for the main page.
|
Thank god we're not (yet) Singapore
In one corner we have Milton Friedman, Nobel prize winner and founder of the Chicago school of economics. On the other, National People's Congress member and geography professor Victor Sit Fung-shuen. What could bring these two together? Donald Tsang's replacing of "positive non-interventionism" with "small government, big market". Friedman responded with an editorial in the WSJ titled Hong Kong Wrong where he laments the end of John Coperthwaite's policy of benign neglect and the rise of a more activist government, even though The Don was simply stating what has been happening in practice for years. In response Professor Sit has told Milton he just doesn't understand the Big Lychee: Instead of Friedman's vision for Hong Kong as a free-market city on a hill, NPC delegate Victor Sit Fung- shuen said Tuesday, its success requires the opposite approach: a dose of Singapore-style government intervention.Hugo Restall and the FEER would no doubt disagree with the Singapore-isation of Hong Kong. Local libertairan Andrew Work pounces on Sit, but it may be too late: One can only hope The Don wasn't listening. Should Professor Sit seriously think Singapore is worth emulating, it would be worth him spending 10 minutes reading the famous Why Singapore is a Pathetic Place by Hemlock, which could now add the FEER banning and repression of dissent during the recent World Bank/IMF meeting. Mind you, that website is probably illegal in Singapore. Pathetic. posted by Simon on 10.11.06 at 08:51 AM in the Hong Kong economy category.
Trackbacks:
TrackBack URL for this entry: http://blog.mu.nu/cgi/trackback.cgi/189392 Send a manual trackback ping to this post.
Comments:
As a Hong Kong-born person, I'm glad to see that Hong Kong people still enjoy some basic freedoms that Singaporeans have to live without. Having said that, I have to admit that I'm just not that proud to be a Hong Konger now as I used to under British rule, not least because I feel strongly that the present SAR administration is absurdly misguided under a hypocritical chief executive, and hence his hypocritical policies. If he really always puts people first, he would have spent the Tamar HQ money in ways that can directly benefit Hong Kong people and not only himself and his civil workforce ; if he cherishes proactive and pragmatic governance, he would have consulted widely on a thorough tax reform rather than pushing for a regressive GST; if he truely cares about "big market, small government", he would have spearheaded the immediate introduction of a comprehensive competition policy and laws including anti-trust. Lee Kuan Yew may be a draconian leader, but at least he doesn't put on a false facade. DT can trumpet as loud as he likes that he continues to or no longer supports positive non-interventionism or whatever economic theories. It is a non sequitur. This government's and DT's actions speak louder than their words. |
|