2min chapter

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Episode 125 – Free To Choose 1980 – The Power of the Market – Discussion

Free To Choose Media Podcast

CHAPTER

Hong Kong

There is very little government regulation of industry in hong kong. There are no tariffs, there are no export subsidies or restrictions on the purchase and sale of moneys. So that it is comes about as close a to a complete free market as you can find in the world to day. The main beneficiaries have been the low income people who poured into hongkong by the hundreds of thousands and millions out of red china. This goes to michael harrington's question, if a industrial system, of a free enterprise system, is a system in which the poor are ground beneath the heels of thes rapacious industrialis he's worried about?

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