Hong Kong which has recently celebrated its 10th anniversary under the aegis of its new parent, China with anticipation & desolation.

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then & now Many Hong Kongers are forlorn because of their inability to elect their leaders.

While developing Marxism, Karl Marx perhaps irrationally feared from the phobia of ochlocracy because the chaos of democracy might not provide justice. Thus, he found the solution which is to give limited freedom. The same is happening with Hong Kong, which has recently celebrated its 10th anniversary under the aegis of its new parent, China with anticipation & desolation. British had handed over Hong Kong to China in 1997 with capitalism & British style political system. Unfortunately a decade later, all those hopes proved to be void. Many Hong Kongers are forlorn because of their inability to elect their leaders. On the other side, communist leadership fears if they are allowed to do so, they will separate from mainland. However, things are not so dark in this island. The mainland has quite often performed its duty when the need arose. It saved the country when it was severely suffering from economic uncertainty. Yet many in Hong Kong still believe that the ultimate salvation can only come through democracy. Would China relent? Only time can answer.


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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


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