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Post by rmarks1 on Jun 9, 2019 12:36:28 GMT -5
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Post by Deleted on Jun 9, 2019 18:22:02 GMT -5
You mean the British colony that didn't had a representative government until a few years before it was annexed by a brutal communist dictatorship?
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Post by rmarks1 on Jun 9, 2019 19:39:36 GMT -5
You mean the British colony that didn't had a representative government until a few years before it was annexed by a brutal communist dictatorship?
Your point being...?
Bob
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Post by Deleted on Jun 10, 2019 14:07:37 GMT -5
Just checking whether that's the kind of government you envision when you think of libertarian government. Here is a great example of the Hong Kong free market in action: en.wikipedia.org/wiki/Kowloon_Walled_City
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Post by rmarks1 on Jun 10, 2019 14:48:20 GMT -5
Just checking whether that's the kind of government you envision when you think of libertarian government. Here is a great example of the Hong Kong free market in action: en.wikipedia.org/wiki/Kowloon_Walled_City
Please read the original article again. The article you posted said that the triads controlled that tiny territority from the 1950's to the 1970's. The Free Market policies came after that.
So this article you posted is irrelevant.
Bob
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Post by Deleted on Jun 10, 2019 17:39:03 GMT -5
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Post by rmarks1 on Jun 10, 2019 19:19:05 GMT -5
Nothing in that Wikipedia article refutes anything in the article I posted! Especially the conclusion:
The article I posted was published in 2014 and talks about "the last 15 years." In other words, from the 1990's. Your sources talk about the 1970's and 1980's. So your post doesn't even cover the same time period.
What your Wikipedia article shows were merely temporary situations that were eventually overcome by the Free Market. The Free Market led Hong Kong to enormous prosperity.
Bob
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Post by Deleted on Jun 11, 2019 6:39:43 GMT -5
The triads ruling over large housing complexes doesn't refute your claim, either, so I don't understand why you would object to that.
There is little difference between personally hiring a bunch of thugs to protect your property, or having the rest of your country hire a bunch of thugs to protect your property.
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Post by rmarks1 on Jun 11, 2019 11:36:53 GMT -5
The triads ruling over large housing complexes doesn't refute your claim, either, so I don't understand why you would object to that. There is little difference between personally hiring a bunch of thugs to protect your property, or having the rest of your country hire a bunch of thugs to protect your property.
Red Herring.
Just about every country has a criminal element. So what? That does not refute the FACT that Hong Kong, a city with no natural resources except for a good port, had an amazing economic rise starting right after it instituted Free Market Reforms.
Bob
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Post by Deleted on Jun 12, 2019 11:55:25 GMT -5
The triads ruling over large housing complexes doesn't refute your claim, either, so I don't understand why you would object to that. There is little difference between personally hiring a bunch of thugs to protect your property, or having the rest of your country hire a bunch of thugs to protect your property. Red Herring. Just about every country has a criminal element. So what? That does not refute the FACT that Hong Kong, a city with no natural resources except for a good port, had an amazing economic rise starting right after it instituted Free Market Reforms.
Bob
Correct, your own lack of supporting evidence refutes this all by itself.
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Post by rmarks1 on Jun 12, 2019 19:50:23 GMT -5
Red Herring. Just about every country has a criminal element. So what? That does not refute the FACT that Hong Kong, a city with no natural resources except for a good port, had an amazing economic rise starting right after it instituted Free Market Reforms.
Bob
Correct, your own lack of supporting evidence refutes this all by itself.
What are you talking about? The claim is that the Hong Kong economy grew tremendously during the 1980's and 1990's. The statistics back that up.
Unless you are claiming the statistics are wrong, you have no case.
Want to tell the Wall Street Journal that their numbers are wrong? Good luck!
Bob
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Post by Deleted on Jun 12, 2019 21:54:14 GMT -5
Correct, your own lack of supporting evidence refutes this all by itself.
What are you talking about? The claim is that the Hong Kong economy grew tremendously during the 1980's and 1990's. The statistics back that up.
Unless you are claiming the statistics are wrong, you have no case.
Want to tell the Wall Street Journal that their numbers are wrong? Good luck!
Bob
"Hong Kong... had an amazing economic rise starting right after it instituted Free Market Reforms"
Not a single element of this statement is backed up with evidence.
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Post by Deleted on Jun 12, 2019 21:55:18 GMT -5
What are you talking about? The claim is that the Hong Kong economy grew tremendously during the 1980's and 1990's. The statistics back that up. Unless you are claiming the statistics are wrong, you have no case. Want to tell the Wall Street Journal that their numbers are wrong? Good luck! Bob
So the market reforms were in the 1980s and 1990s now? You weren't sure earlier. Do you have any evidence to back that up? Which "market reforms" are you taking about, by the way? What exact measures were being implemented?
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Post by rmarks1 on Jun 12, 2019 22:37:05 GMT -5
What are you talking about? The claim is that the Hong Kong economy grew tremendously during the 1980's and 1990's. The statistics back that up. Unless you are claiming the statistics are wrong, you have no case. Want to tell the Wall Street Journal that their numbers are wrong? Good luck! Bob "Hong Kong... had an amazing economic rise starting right after it instituted Free Market Reforms" Not a single element of this statement is backed up with evidence. But it is backed up with evidence. In fact, it is backed up with 20 years of evidence. Unless, of course, you have evidence that the Wall Street Journal, the Heritage Society, Canada's Fraser Institute, and the World Bank are totally mistaken or lying. Do you? " For the twentieth consecutive year, the Index of Economic Freedom—compiled by The Wall Street Journal and the Heritage Foundation—ranks Hong Kong (HK) as the freest economy in the world.Though part of mainland China since the British ceded it in 1997, HK is governed locally on a daily basis. So far, the Chinese have remained reasonably faithful to their promise to leave the HK economy alone. What makes it so free is music to the ears of everyone who loves liberty: Relatively little corruption. An efficient and independent judiciary. Respect for the rule of law and property rights. An uncomplicated tax system with low rates on both individuals and business and an overall tax burden that’s a mere 14 percent of GDP (half the U.S. rate). No taxes on capital gains or interest income or even on earnings from outside of HK. No sales tax or VAT either. A very light regulatory touch. No government budget deficit and almost nonexistent public debt. Oh, and don’t forget its average tariff rate of near zero. That’s right—zero!This latest ranking in the WSJ/Heritage report confirms what Canada’s Fraser Institute found in its latest Economic Freedom of the World Index, which also ranked HK as the world’s freest. The World Bank rates the “ease of doing business” in HK as just about the best on the planet...
Maybe this is why socialists don’t like to talk about Hong Kong: It’s not only the freest economy, it’s also one of the richest. Its per capita income, at 264 percent of the world’s average, has more than doubled in the past 15 years. People don’t flee from HK; they flock to it. At the close of World War II, the population numbered 750,000. Today it’s nearly ten times that, at 7.1 million."
fee.org/articles/the-man-behind-the-hong-kong-miracle/
Read more: unfacts.freeforums.net/thread/3952/why-socialists-talk-hong-kong#ixzz5qhBT3S85
Bob
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Post by rmarks1 on Jun 12, 2019 22:52:18 GMT -5
So the market reforms were in the 1980s and 1990s now? You weren't sure earlier. Do you have any evidence to back that up? Which "market reforms" are you taking about, by the way? What exact measures were being implemented? The market reforms were listed in the article I posted in the top of this thread. And I reposted them again in the post right before this one. But to save you the exertion of scrolling, here it is again For the twentieth consecutive year, the Index of Economic Freedom—compiled by The Wall Street Journal and the Heritage Foundation—ranks Hong Kong (HK) as the freest economy in the world. Though part of mainland China since the British ceded it in 1997, HK is governed locally on a daily basis. So far, the Chinese have remained reasonably faithful to their promise to leave the HK economy alone. What makes it so free is music to the ears of everyone who loves liberty: Relatively little corruption. An efficient and independent judiciary. Respect for the rule of law and property rights. An uncomplicated tax system with low rates on both individuals and business and an overall tax burden that’s a mere 14 percent of GDP (half the U.S. rate). No taxes on capital gains or interest income or even on earnings from outside of HK. No sales tax or VAT either. A very light regulatory touch. No government budget deficit and almost nonexistent public debt. Oh, and don’t forget its average tariff rate of near zero. That’s right—zero!... It’s not only the freest economy, it’s also one of the richest. Its per capita income, at 264 percent of the world’s average, has more than doubled in the past 15 years. People don’t flee from HK; they flock to it. At the close of World War II, the population numbered 750,000. Today it’s nearly ten times that, at 7.1 million.fee.org/articles/the-man-behind-the-hong-kong-miracle/ Read more: unfacts.freeforums.net/thread/3952/why-socialists-talk-hong-kong#ixzz5qhBT3S85 Bob
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Post by Deleted on Jun 13, 2019 15:05:14 GMT -5
[The market reforms were listed in the article I posted in the top of this thread. And I reposted them again in the post right before this one. Really, can you point out the paragraph that answers my question?
Or does that cut too severely into your two hour workday?
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Post by rmarks1 on Jun 13, 2019 15:27:18 GMT -5
[The market reforms were listed in the article I posted in the top of this thread. And I reposted them again in the post right before this one. Really, can you point out the paragraph that answers my question?
Or does that cut too severely into your two hour workday? No need to show your envy over my two hour workday (actually, it's more like 4 hours ) Here it is yet again: The market reforms were listed in the article I posted in the top of this thread. And I reposted them again in the post right before this one. But to save you the exertion of scrolling, here it is again For the twentieth consecutive year, the Index of Economic Freedom—compiled by The Wall Street Journal and the Heritage Foundation—ranks Hong Kong (HK) as the freest economy in the world... Relatively little corruption. An efficient and independent judiciary. Respect for the rule of law and property rights. An uncomplicated tax system with low rates on both individuals and business and an overall tax burden that’s a mere 14 percent of GDP (half the U.S. rate). No taxes on capital gains or interest income or even on earnings from outside of HK. No sales tax or VAT either. A very light regulatory touch. No government budget deficit and almost nonexistent public debt. Oh, and don’t forget its average tariff rate of near zero. That’s right—zero!... fee.org/articles/the-man-behind-the-hong-kong-miracle/ [/quote] Bob
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