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> I am quite surprised that the Chinese have allowed the crony capitalism that the Hong Kong Government system is based on to continue unabated. Eh? You have a
by FabHK 7y ago
> I am quite surprised that the Chinese have allowed the crony capitalism that the Hong Kong Government system is based on to continue unabated.
Eh? You have a similar crony capitalist system in mainland China, don't you.
And the understanding in HK is that there is sort of tacit "gentlemen's agreement" between Beijing and the HK elites:
Beijing doesn't interfere too much with the rich and powerful in HK and their (continued) ability to rake in money, while those rich and powerful refrain from supporting or advocating for more democracy etc. In other words, both sides are pretty interested in the continuation of the status quo.
- ddeck 7y agoYou do indeed, but the the power distribution is far from even, as many a Chinese tycoon has discovered when they've come out on the wrong side of Beijing and found themselves in prison. There are always laws that can be selectively brought to bear when required. My point is that the rich and powerful in HK are unlikely to do anything that irks Beijing. They don't need to be bribed into cooperating and will do as they are told regardless. The risk to social stability of the status quo and the liklihood of it putting a significant portion of the population on the streets protesting seems a much greater risk.