Directly, each charter city would allow millions of people to better their lives by integration with the world economy. While critics often belittle this achievement as mere “cream-skimming,” the sad truth is that much if not most of the world’s cream now curdles in backwards farms and dysfunctional slums. If the native entrepreneurs who built Hong Kong had been trapped in mainland China, most would have wasted their lives in dead-end jobs on Maoist communes or joined the Communist elite. Hong Kong gave them opportunities to use talents that otherwise would have gone to waste.

The case for charter cities as a effective way to fight third-world poverty (based on the example of Hong Kong). Interesting? From this list of “40 things I’ve learned” by Bryan Kaplan, which is actually mostly right-wing free-market dogma. (E.g., here is the republican strategy for reducing the size of government laid out as nakedly as you’re likely to find.)

Posted: Monday April 11, 2011 by Alesh Houdek · Categories: Economics · Comment feed: RSS, atom

 

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