Capitalism Eludes Hong Kong Experts
Legal and financial experts in this unabashedly capitalist center have discovered they don’t know what capitalism is.
A panel discussing a mini-constitution for Hong Kong after it reverts to Chinese Communist rule in 1997 adjourned its meeting last week, concluding that not one of its members could define capitalism, panel chief Wong Hong Yuen said Friday.
“It behooves us to at least try to make the effort to know what we mean by capitalism by studying it properly,” he said.
Under a Sino-British agreement, Hong Kong reverts to Chinese rule in 1997 but will retain its capitalist system for another 50 years.
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