Capitalism's Failures in Hong Kong

Discussion in 'Asia' started by georgephillip, Nov 18, 2019.

  1. georgephillip
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    georgephillip Platinum Member Supporting Member

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    What's to blame for escalating protests in Hong Kong, capitalism or Communist China?
    [​IMG]
    Why it’s wrong to blame Beijing for Hong Kong protests
    • "Hong Kong’s civil unrest is motivated less by democratic dreams than by a crushing hopelessness in the face of growing inequality
    • Capitalism’s failures in Hong Kong should be a cautionary tale for the rest of the world..."
    "For the past 25 years, Hong Kong has been ranked the freest economy
    in the world and a fine demonstration of capitalism.

    "Prosperity has, however,come at a cost

    "Skyrocketing property prices and an ever-widening wealth gap have been two direct consequences.

    "Throw into the mix a lack offsocial mobility as well, and it’s easy for a young Hongkonger to feel that there is no way out.

    "There are two reasons I am convinced the protests are not about
    democracy

    "First, during the over 150 years of British rule, Hong Kong never enjoyed democracy.

    "This is not to say that people cannot demand what they never had, but when protesters
    repeatedly reminisce about the 'better days' of British rule,
    they do not refer to a democratic past, but to a period of relative equality."

    Same old story.

    Capitalists and communists throw human rights under the bus whenever the profit motive dictates.
     
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  2. TNHarley
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    TNHarley Diamond Member

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    Lol yea. The protestors dont know what they are protesting, but you, a known moron, does.
    Good gawd I love this site.
     
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  3. JGalt
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    JGalt Platinum Member

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    The Hong Kong protests have nothing to do with economic reasons, they are political and nationalist, on the part of China.

    What is driving Hong Kong-China tensions?

    So I take it that you'd have no problem if the US were somehow reverted to being under British rule?
     
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  4. georgephillip
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    georgephillip Platinum Member Supporting Member

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    You're too stupid to be on this site

    What is driving Hong Kong-China tensions?

    "What do pro-democracy activists want?
    Hong Kong's pro-democracy activists have been protesting against what they say is China's growing encroachment on the city's freedoms in a breach of the 'one country, two systems' arrangement.

    "'I'm not the one to advocate for Hong Kong' independence, but I'm the one who fights for autonomy and against the indifference of China towards Hong Kong. And we were promised to have a high degree of autonomy in the international treaty, which means the joined declaration,' Joshua Wong, student and pro-democracy activist, told Al Jazeera.

    "'The 'one country, two systems' in the 20th anniversary seems to be a lie for the Hong Kong people,' he added.

    "'I hope to see full democracy in Hong Kong in my life time, but whether Hong Kong can implement, or achieve, democracy, it doesn't depend on me, but it depends on its people and the international community.'"
     
  5. Nostra
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    Nostra VIP Member

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    aljazeera.com?

    Pass.....
     
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  6. Nostra
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    Nostra VIP Member

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    South China Morning Post?

    Pass..............
     
  7. georgephillip
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    georgephillip Platinum Member Supporting Member

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    Where does the Hong Kong housing crisis fit in to your theory?

    A lack of affordable housing feeds Hong Kong's discontent

    "In a global survey released in January by United States research firm Demographia, Hong Kong retained its title as the world's least affordable housing market for a ninth consecutive year.

    "That means the average price for a home is a staggering 20.9 times the annual household income in Hong Kong."

    Even Churchill recognized what happened in a capitalist economy when the pie stops growing:

    Why it’s wrong to blame Beijing for Hong Kong protests

    "The bigger enemy, as Winston Churchill put it, is the 'vice of capitalism'.
    "This is, however, not a problem unique to Hong Kong. The protests in Hong Kong should be an alarm bell for the rest of the world: capitalism has failed, at least in Hong Kong.

    "A completely free capitalist regime simply does not work once the pie stops growing. Winners will always take all"
     
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  8. JGalt
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    JGalt Platinum Member

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    So you shifted from "the failure of capitalism" to Hong Kong's simply wanting autonomy from China in just two posts, using the link I provided? And then repeated the link I provided? And then went back to "the failure of capitalism"?

    I seriously doubt they're rioting over "affordable housing.":laughing0301:
     
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  9. georgephillip
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    georgephillip Platinum Member Supporting Member

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    I seriously doubt you have any idea why the riots are occurring:

    Does Hong Kong have a housing crisis?

    "Hong Kong’s home prices are the world’s highest. Can the city fix it?

    "So how much have prices gone up this year?

    "The latest available government statistics from October showed Hong Kong’s private residential property prices had not dropped since March last year.

    "Between this January and October, prices spiked by 11 per cent, according to the government’s private domestic price indices, which track overall trends in the property market."
    [​IMG]
    Economic determinism - Wikipedia
     
  10. JGalt
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    JGalt Platinum Member

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    Fuck Marxists. They could all end up dying in some jungle like this guy did, and I'd be happy...

    [​IMG]
     
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