Hong Kong and the Power of Economic Freedom: New at Reason

Hong Kong is an illustration of the power of economic freedom, as Marian Tupy explains:

Today, Hong Kong is one of the most prosperous places on earth. While it has its share of problems—not least the Chinese government’s recent crackdown on freedom of speech—Hong Kong’s success has been astonishing. In 1950, an average citizen of the city earned 35 percent as much as an average citizen of Hong Kong’s colonial master—Great Britain. In 2015, an average citizen of Hong Kong earned 37 percent more than a typical Briton.

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