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The Economist did a comprehensive piece on the future of Hong Kong [1] recently. The CPC has little to lose by crushing Hong Kong's democracy, which they are mo
by ttul 6y ago
The Economist did a comprehensive piece on the future of Hong Kong [1] recently. The CPC has little to lose by crushing Hong Kong's democracy, which they are most assuredly doing. Even if HK loses a healthy proportion of its best and brightest citizens (many are moving or have moved already), Hong Kong represents only a tiny fraction of China's overall GDP. In the long time horizon of China's development, Hong Kong's health is viewed as inconsequential.
To me, the Hong Kong situation is incredibly sad. Hong Kong was always this unique bastion of feisty entrepreneurism and social liberalism. It was a great place to visit and a fountain of ideas and dynamism that other regions would do well to take notes on, if not to copy outright.
I wish there was cause to be optimistic about Hong Kong, but I don't think that there is.
[1]: https://www.economist.com/briefing/2021/03/20/china-is-not-just-shackling-hong-kong-it-is-remaking-it https://www.economist.com/briefing/2021/03/20/china-is-not-j...