#4,370 in Business & money books
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Reddit mentions of Uneasy Partners: The Conflict Between Public Interest and Private Profit in Hong Kong
Sentiment score: 1
Reddit mentions: 1
We found 1 Reddit mentions of Uneasy Partners: The Conflict Between Public Interest and Private Profit in Hong Kong. Here are the top ones.
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> All conventional wisdom floated by wumao and Team CY have been bogus distractions, from blaming Tung CH for hinting at land sales causing the pre-handover bubble to collapse in the midst of the Asian crisis up to last year's US low interest rates causing excessive liquidity.
Yeah I am sure the authors of Land and the ruling class of Hong Kong and Uneasy Partners: the conflict Between Public Interest and Private Profit in Hong Kong are wumaos. /s
It would be great if you stop enacting strawman and putting words in my mouth, but your delusion that I am a wumao is apparently making you triggered prematurely.
Public housing is part of the puzzle, you don't get to dismiss the lack of supply for a period when there are increasing demands for them.
> The only interesting thing out of these narratives by wumao is the blame that Tung took for the negative equity problems around 2003 and the anti-government sentiment engendered. The result of this is that since reflation started in 04-05, the HK government (aka Team CY as ExCo Convenor/CCP plant/CE) has been adamant in ensuring property development is a 1 way bet. Growth only, which ensures that there is no 'market' but a government-managed bubble/pyramid scheme.
I don't know where you got those arguments but they aren't mine. Hong Kong's house ownership was near half, there was definitely popular support for growth, even with a determinal effect on the society/generation gap (the 'you should work harder' argument). I agree that the 03 drop and 08 crisis would be a great opportunity for the HK government to rethink the current model, but to think HK can somehow be immune to the global capital increase would be unrealistic. So the question would be: what to do instead? I am interested in your answer.