Hong Kong's secret strength

Chris Burford cburford at gn.apc.org
Tue Jul 21 15:57:04 PDT 1998

At 12:22 AM 7/21/98 +0100, you wrote:
>Chris B said:
>> Singapore also I gather, has remnants of the old imperial currency board
>> system.
>Chris, you're a monument like the Beefeaters, the Tower, Nelson's
>Column, fish and chips etc. It's really charming that you think
>what saved Hongkong was the old imperial currency board system. Those
>of us still hanging to the tatters of Marx's frock coat,
>however, still think that the presence of 500m ill-paid peons in the
>backyard might have helped a little; that and the criminality of
>Beijing's kleptocrats who have used Hong Kong to found their fortunes
>for 30 years now.

Did you miss my earlier post where I explained the semi-socialised anomaly in the currency board system, and still more in the prohibition on private land ownership? Empires sometimes show odd flashes of democracy, for their own kind of course.

Chris Burford

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