In Hong Kong, a $50 HKD is issued by HSBC.
Yeah. There’s an oligopoly that issues the currency, which makes the whole system feel more (stereotypically) capitalist…
This used to be the case in Canada, 3 private banks issued currency
I prefer the real thing: https://iea.org.uk/publications/research/denationalisation-of-money
Anyway, there are more high rises here in Hong Kong than trees in a forest. That’s the power of capitalism: there was nothing here in the 70s.
It really makes the idea of a new country concrete for me, and a bit scary.
From what I understand, the government sells land at absurdly high prices, and that kind of architecture is the result
Another concerte lesson to me is the demonstration that the mind is man’s main tool of survival, not the physical body. The asians, most of them, look to me as undeveloped teenagers body wise.
I mean , they built this splendor using the mind as leverage, not body.
And the craftsmanship is polished. Everything is quality.
Finally, another lesson / demonstration that higher population means higher growth and production, not lack of opportunity.
For our purposes, the new country needs to bring large masses of immigrants, and let them be all productive though capitalism. There is no reason that we won’t be able to match Hong Kong’s rate of growth.
We need to ensure that import and export is open, not hindered by parent state. (Besides immigration).
Scary? Check out the functional constituencies in the legislative council of Hong Kong especially prior to the handover businesses had representation somewhat similar to the so-called business vote in the city of London corporation or legislature