The US-based Heritage Foundation has, as always, ranked HK as the freest economy in the World. For once, the Government doesn't accuse foreign forces of interfering in HK's internal affairs. But this rosy view is not held by those who take the time to study the domestic economy. Here are a few things that Heritage may have overlooked.

Hong Kong's not-so-free economy
4 February 2018

In the wake of The Heritage Foundation declaring HK to be the World's Freest Economy for the 24th year running, here is a list of just a few things that they may have overlooked, in no particular order:




Access to Justice

Professional services

Real estate markets

We could continue, looking at cartels in various sectors, wasteful state-driven infrastructure projects which suck up taxpayers' resources, yet another Government-planned "innovation and technology" hub at the Lok Ma Chau Loop, or non-means-tested welfare spraying, but you get the picture. While HK scores high on freedom of international trade, it is domestically far from being a free economy and heading further away with every additional Government intervention.

©, 2018

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