quotingWhat’s so bad about a planned Hong Kong economy? Just look at Singapore
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Why is the idea of a planned economy anathema to so many people despite China’s success? And why do so many retain faith in market economies given the economic chaos much of the Western world is descending into? These questions have acquired a particular piquancy as Hong Kong embraces long-term planning for the first time, attracting criticism from some that it is falling into Chinese-style error.
Having been in Asia for 50 years – in Singapore, which I consider a planned economy, and Hong Kong...
https://www.scmp.com/opinion/hong-kong-opinion/article/3364315/whats-so-bad-about-planned-hong-kong-economy-just-look-singapore?utm_source=rss_feed
HurvajsRumcajs on Nostr: Oh my sweet sweet summer child, let me tell you about the EU. The worst of both ...
Oh my sweet sweet summer child, let me tell you about the EU. The worst of both worlds. They force more and more planned economy on "the free market" and when things inevitably go south (because the plans are just some sociopathic bureaucrat's wet dreams) the problem is the market. Of course.