Hello hawkmoon, re <<HK will continue to prosper so long as it serves the purpose Bejing has set for it (Technology transfer.. access to capital)>>
Maybe, but there are at least two other very topical and much more practical factors to take into consideration, and they are, in order of ascending priority, I figure
(i) As long as Taiwan remains outside of complete and utter embrace for one day, Hong Kong’s freedoms and liberties, and with such, prosperity and wellbeing, would be cherished by Beijing.
(ii) More importantly, as long as important Beijing folks have money needing ‘off-shore’ banking, but is unwilling to seek such banking services in truly offshore locations, Hong Kong would be blessed – Hong Kong is very convenient for any and all in Beijing, politicians who can champion “one country two systems” for the strategic good of China while partaking in freedom delight and liberty relish.
<<But according to the stats I'm finding the gap between the rich and the poor is very high in HK. The Gini Co-efficient is 53.3, which is far higher than the mainland. That's something that is ignored at HK's peril.>>
Sure, but imo, most, as in majority of Hong Kong are astutely well aware of the inevitable and inevitably widening gap, duely understand the implications of the underlying impetus, inately know enough to embrace the trend, and correctly wish to engage on the proper side of the equation:
(i) In a rising economy, especially one such as hong kong which sits at the juncture of HKD:USD hard peg (meaning our monetary policy is tagged to USA wastrelism and consequent low to negative interest rate – i.e. our mortgage rate is 1.85-2.15 %, monthly adjustable, tagged to the USA 3-month t-bill rate, even as we are no where overly indebted, at 30-50% downpayment etc etc) and the RMB economic domain (12+% annual growth, sharply rising disposable income, mountain of savings with no outlet except the basic approaches, and geerously gifted to intermediaries residing in hong kong with generousity in heart and much good on mind ;0), the Hong Kong economy would necessarily boom; all further enhanced by regional as well as global flight capital in response to our good natured friendliness towards refugees seeking salvation and yacht people seeking redemption.
(ii) In such a boom, the propertied class would naturally zoom ahead of the carpet beggars and righteous so.
(iii) As a consequence, and end-game, the carpet beggars would and are by and bye bye moving to nearby Guangdong province, to live like kings, making space for new sovereigns to move south and engage with hong kong delights. So, yes, the gini is rising, before it falls, as freedom hong kong, liberty Kowloon, and hedon macau becomes the Monaco, Caymans, and Disneyland of the middle kingdom and her tributary neighbors, all blessed by Beijing, and doing good for the truly needy. Reminder, Monaco, Caymans and Disneyland gini is not nearly as high as it once must have been.
<<So are you for Universal Suffrage in HK?>>
Definitely not. Universal suffrage is a neo-convolution sop to the masses never intended by the ruling Greeks and certainly not tolerated by the founding American fathers. There is a fundamentally sound reason against universal suffrage, and that is the concept is not in alignment with meritocracy. With the death of meritocracy, so goes progress of civilization. It is nonsensical that some stakeless joeblow should have an equal vote as his better wen voting the collective pocket book. To be politically correct on universal suffrage is to open the gates of hell and let loose a corrosive and always wanting monster.
Stack did was domestic terrorism. He was using violence to make a political statement. That's always been the fundamental definition of terrorism>>
Certainly true. So why did the team USA let go of the terrorist uighers and how could Obama warmly greet the terrorist dalai lama?
Sunday rant over. Much cheers, tj |
