Hong Kong as a Model for a Free Society Apr 22, 2014
I wrote this soon after Hong Kong's handover to Chinese rule. The lessons are still relevant. From the paper: For over a hundred and fifty years, Hong Kong has had few of the regulations and government programs that dominate economic life in America. While the territory does have minimal welfare assistance schemes, these are genuine safety-net programs, aimed at helping those who are truly in need. The level of welfare payments in Hong Kong historically have not encouraged dependence, nor have they been attractive enough to compete with work and business opportunities. Likewise, the level of regulation in the name...
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