RadioRaheem84
5th February 2010, 19:19
Isn't Hong Kong touted as the great free market paradise the Libertarians salivate over? Yet, I recently read that all of the land in under government control and leased to private users? Is this true? Hong Kong then is able to support public spending at a low tax rate.
I was under the impression that Hong Kong supported private property rights but it seems like all the land is in the hands of the state? What gives?
I was under the impression that Hong Kong supported private property rights but it seems like all the land is in the hands of the state? What gives?