Friday, June 21, 2019

Hong Kong dilemma

Hong Kong is in a dilemma. The people want to have democracy and free market.

But the economy is under the control of a few large tycoons who owned most of the private land.

Under the free market, the land price escalates to a level that is unaffordable to the local people, especially the young ones.

If they want lower housing cost and lower cost of living, they have to accept a government that is more in control and more socialist in their approach.

The people have to decide what they want. They cannot expect the free market to produce a lower cost of living and lower cost of housing.

Tan Kin Lian

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