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by CaymanCruiser
2404 days ago
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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? |
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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".