Georgists often like to point to Hong Kong as a successful example of funding a community’s needs from economic rent. The result is a prosperous and (relatively) free city, a magnet for immigrants. But our information is old, and numerous changes have happened since the transfer of power, from UK to PRC in 1997.
So I was pleased to spend a bit of time this afternoon with a Hong Kong native, who now lives and works in Chicago. Not familiar at all with Henry George, not even interested in political philosophy as far as I could tell, but able to speak with me about current economic conditions. If I have any errors below, I trust that someone will correct me. Continue reading Collecting the Rent in Hong Kong