View Poll Results: How to end crony capitalism in Hong Kong?

Voters
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  • HK government should stop selling lands to the highest bidders.

    5 26.32%
  • Profit tax set at 40 to 45% for all property developers.

    8 42.11%
  • Capital Gain Tax for real estate transactions (but not for the stock market)

    7 36.84%
  • resinstate Rent Control

    7 36.84%
  • use the Land Resumption Ordinance to acquire private lands more aggressively

    5 26.32%
  • Use Competition Commission to break up the four largest developers

    9 47.37%
  • None of the above; please specify

    4 21.05%
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How to end crony capitalism in Hong Kong?

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  1. #21

    Join Date
    Sep 2019
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    Quote Originally Posted by MandM!:
    HK people cannot handle having the right to free speech and protests, they are generally politically immature.

    Everything in life, there are systems and methods in place, and to anyone not used to it, it isn't fun. Protests in the states typically are planned and acted on, and take time to change the law but it does prevail without using violence. You have to follow the system and processes in place.

    HK rather resorts to violent protests because they didnt get what they wanted right away which doesn't help anyone, especially when you support it. When people fight the system, the system will re-evaluate and trust me, the people won't come out ahead.

    Why do I support HK? Because it is unique, and special. It makes no sense to push HK to be like China or to utilize western idealogy. People for the most part support the way HK is. The movement may have temporary support because HK people generally like to complain, yet once the movement dwindles, it will leave a damaged city unlikely to repair the physical damages and loss of foreign money which gave opportunity to so many locals.
    I hardly think it’s about not getting what they wanted right away. The government basically ignored its citizenry on June 9th, and has been dissembling for a very long time since the very start of the extradition bill process. Once the government and police lost their legitimacy by ignoring the citizens, trying to beat them into submission, allegedly conspiring with the triads when direct action didn’t work anymore, and then the police constantly lying about its actions daily, then they set themselves up for a breakdown of law and order. Do you seriously think it was because they were not getting what they wanted right away, or because the government had no intention on compromising if they could help it from the start?

    It’s not that Hong Kong can’t handle protests without having things descend into violence, it’s that this particular administrator under the emperor can’t. A good local take I saw today that would be far more articulate than I.

    https://twitter.com/hkjohnson...51397704011777
    Coolboy likes this.

  2. #22

    Join Date
    Jan 2014
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    1,267

    if you own a property in Hong Kong, then you don't want crony capitalism to end, right?


  3. #23

    Join Date
    Jan 2018
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    831

    There are four things in life that are guranteed:

    1. Deaths
    2. Taxes
    3. Cronyism
    4. The love of money

    You cannot get rid of crony-capitalism, but you can give each and every rightful resident of Hong Kong food, shelter and the right to a dignified life. Also, minimize the amount of shilling being done across media channels that use celebrities to croon the mindless masses.

    shri likes this.

  4. #24

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    Jan 2014
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    1,267
    Quote Originally Posted by DimSumBond:
    There are four things in life that are guranteed:

    1. Deaths
    2. Taxes
    3. Cronyism
    4. The love of money

    You cannot get rid of crony-capitalism, but you can give each and every rightful resident of Hong Kong food, shelter and the right to a dignified life. Also, minimize the amount of shilling being done across media channels that use celebrities to croon the mindless masses.
    amen to that.

    that particular croon must stop.

  5. #25

    Join Date
    Aug 2008
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    猴山
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    Quote Originally Posted by RobRoy:
    Not sure I fully follow you, you want direct democracy?
    Absolutely not. Voting should be reserved for the bigger topics such as the political party you want to lead or the governance model you want to use.

    Quote Originally Posted by RobRoy:
    Yes, I took up examples of outcomes highlighting how vested interest in LegCo dominates. My suggestion was to find another type of LegCo or political order where the vested interest were not put infront of HK peoples interests.
    Monetary policy used to be in the hands of politicians. They were terrible at it using long term tools to satisfy short term political needs. They handed it to newly independent central banks who worked to targets of inflation management.

    The allocating of public land to the public should be taken out of the hands of the government and given to a a truly independent body working to long term government goals.
    Last edited by East_coast; 08-10-2019 at 01:58 PM.
    aw451 and nivek2046 like this.

  6. #26

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    Aug 2008
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    猴山
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    Quote Originally Posted by MandM!:
    HK people cannot handle having the right to free speech and protests, they are generally politically immature.
    What would you expect to happen in the USA if Mr Trump effectively took away the power of Congress to vet bills?
    Coolboy likes this.

  7. #27

    Join Date
    Jun 2016
    Posts
    1,972

    End it he same way Mao ended it. Round up all the tycoons and give them a choice of being slaugtered or repositioned as peasants (in this case Foxconn factory workers).


  8. #28

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    Jan 2014
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    1,267
    Quote Originally Posted by RMDNC:
    End it he same way Mao ended it. Round up all the tycoons and give them a choice of being slaugtered or repositioned as peasants (in this case Foxconn factory workers).
    There are a lot speculations both within and outside China that Xi Jinping has been emulating Chairman Mao in the past few years in policy, governance and running the Party machinery.

    Will Xi do that in Hong Kong?

    Had Li Ka Shing forseen this before the anti-ELAB movement begun?

  9. #29

    Join Date
    Jun 2019
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    Original Post Deleted
    In that sense he was smarter than his tycoon colleges. He was smart to diversified his conglomerate to not rely as much on property development. He knew better than his parasitical cartel pals that the CCP will not lay a golden carpet for them forever. He knew he and the other tycoons were merely tools for the CCP to use. Once that usefulness is up, they will be discarded.

  10. #30

    Join Date
    Nov 2005
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    Actually if you put it in a simple mean..
    - median income of HK family, round up to say HKD 20k / month (so more than half of HK population earn less then HKD 20k)
    - PSF price of a for sale apartment in HK --> maybe HKD 10~20k

    so technically every month you work, even if you can save up every single cent and not pay for food/transport, you can buy 1~2 sqft of a dwelling space.
    so a typical space of 400sqft needed for a family of 4~6, costs 20~40years of gross income


    the only way HK can survive, is to either increase the median pay, or reduce the average cost.

    but honestly this is not just HK... everywhere in the world the same phenomenon is occurring.. just at different degree...
    the global bail-out of the financial system by the current generation politicians in 2008 have jetted up asset prices everywhere in the world, HK is unfortunately the focus point of alot of these bubbled wealth.. so the problem blow up earlier than everywhere else..

    some form of a reset needs to come this generation or next.. we can only wait and see