Issues in Recent British Elections Are Relevant to Us

Listened to the first half hour and found it quite interesting. And relevant with respect to the rubbish we've been experiencing for the past decade. Just in case you missed it.

Hong Kong Baffles Market Fundamentalists

In a key policy address following the global financial crisis, Hong Kong Chief Executive Donald Tsang states that "the government's role is increasingly important and needs to be redefined ... We should be ready to take decisive action to help stabilize the economy and rebuild people's confidence to ride out the difficulties."

Quite logically, the Hong Kong Monetary Authority (HKMA), the territory's central bank, and the Securities and Futures Commission (SFC) would look for ways to strengthen the city's financial regulatory regime. Among other measures, guess what, Hong kong, one of the champions of global capitalism, is about to establish an advisory Minimum Wage Commission.

Hong Kong has not evolved on the same planned track as Singapore, but they both share the same ideology-free approach to make their vulnerable open economies as lean and nimble as possible.