5min chapter

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Episode 124 – Free To Choose 1980 – The Power of the Market (Podcast)

Free To Choose Media Podcast

CHAPTER

Hong Kong - The Best System for Enabling Poor People to Improve Their Lot

Hong Kong is very far from utopia. It has its slums, its crime and its desperately poor but the people are free. Despite having to live in leaky houseboats in one of hong kong's many small harbors,. Here they have the freedom and the opportunity to better themselves. And many succeed. There is an enormous amount of poverty in the world, everywhere. The question is which system has the greatest chance for enabling poor people to improve their lot? I do not know any exception to the proposition that if compare like with like, the freer the system, the better off the ordinary poor people have been. No lie. Even communist china recognizes hung kong

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