Uneven Growth in Hong Kong
“One can interpret neoliberalism either as a utopian project to realize theoretical design for the reorganization of international capital OR as a political project to re-establish capital accumulation and restore the power of economic elites.”
Hong Kong has one of the highest levels of inequality in the modern world. Despite being named the “World’s Freest Economy” by Index of Economic Freedom for the twentieth consecutive year and being emblematic of laissez-faire capitalism, Hong Kong can more accurately be described as a bureaucratic-corporatist social welfare state, spending a quarter of its GDP on public welfare the one-fifth of its population that lives below the poverty line.
Professor: Kazys Varnelis.