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View Full Version : Hong Kong and private property?



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?

Muzk
5th February 2010, 19:23
It depends on whose hands the state is in. Puppets!
Small government, only there to suppress the revolution... a fasc - I mean liberals wet dream

RadioRaheem84
5th February 2010, 19:29
Well of course I am not touting this a grand effort to eliminate private property, as the Hong Kong authorities dubbed it "positive non-interventionism". But even with many figures involved in the Hong Kong government saying that HK is not lassiez-faire, Libertarians like the former Mr. Milton Friedman insisted HK as a perfect example of free markets.