2min 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 Place in Asia

The power of the free market has enabled the industrious people of hong kong to transform what was once barren rock into one of the most thriving and successful places in asia. Ships from all nations come here to trade because there are no duties, no tariffs, on imports or exports. Despite rapid population growth, despite the lack of natural resources, the standard of living is one of the highest in all asia. Wages in hongkon have gone up four fold since the war, and that's after allowing forin pleason.

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