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by CaymanCruiser 2404 days ago
I think the true moral crime here is preventing sovereign nations (using bullying tactics no less) who lack natural resources and other income-generating resources from offering convenient and flexible regulatory climates to business who need it. Singapore and Hong Kong were two countries that did this for decades and look where they are now - why shouldn't Vanuatu or Seychelles be offered the same opportunity?
4 comments

SG is strategically located in Asia and has taken advantage of that.

HK was/is an entreport to China. Before 1949, it was not as important as Shanghai. After 1949, it was where a lot of southern Chinese escaped and became a manufacturing/cheap labor hub, while also taking advantage of British civil service practices.

Post China's economic changes, HK became the bridge between the world and China's economy, plus the place for China's new rich to park their money "safely".

Today, it is losing/has lost that advantage, because China's corruption has taken hold of the government, and as a result, the "rule of law".

That's a really crafty way of saying "they did it, so I should be able to do it"
Sure OK, but I want my "moral right" to a social democracy of the Nordic style. How come the Swedes and Norwegians can have a functioning socially responsible government but the UK gets a bunch of incompetent capitalists?
You're still an EU citizen, you have a legal right to take advantage of the Swedish social democracy.
You have to be carful about letting just anyone waltz up and become a pay to play citizen - or you end up like Malta.