Hong Kong: A Shining Beacon of Laissez Faire and Small Government.

[maneco64]

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In this report I cover the early market activity from London on Tuesday, May 8th, 2018. I look briefly at the precious metals, the stock market, the dollar and the oil market.

In the second part of this report I look at how Hong Kong was transformed from a backwater or"barren island" after the second World War into a thriving metropolis and global financial center. I look closely at Sir John Cowperthwaite, Hong Kong deputy administrator and financial secretary from 1951 to 1971, and how his policies of laissez faire, small government and the rule of law helped make Hong Kong the prosperous place it is today.

The example of Hong Kong shows how freedom and free markets raised Hong Kong's GDP per capita from less than a quarter of Britain's in the early 1960s to more than 40% of Britain by 2015.

"Architect of Prosperity..." by Neil Monnery:

https://www.amazon.co.uk/gp/product/1907994696/ref=as_li_tl?ie=UTF8&tag=maneco64-21&camp=1634&creative=6738&linkCode=as2&creativeASIN=1907994696&linkId=5605c00f313a2d8dab20a7965bb6cb7a

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Comments

[rahulsen]

Your analysis is superb...Love your content dear @maneco64 Thanks for sharing market update.
I appreciate your post sir

[maneco64]

Thanks for following and leaving feedback @rahulsen!

[andrewskelton]

Good morning maneco64 hope you had a great long weekend my friend, yes small government free markets and a natural price recognition has always meant more freedom for the individual! i could point to long past days because of my historical interests like when our common law was brought about by alfred the great 871 AD, with its 240 silver pennies to the pound in weight and rule of law. thank you as always for your very informative knowledge and updates :)

[maneco64]

Good morning Andrew. Nice to hear from you. Unfortunately we are under Maritime Law now instead of common law or law of the land.

[andrewskelton]

yes indeed maritime law, best thing is to avoid ending up in their dock and their jurisdiction if we can? after all it comes down to legalese trickery and consent, i must admit i have had some fun with that one maneco64 over the years lol

[anikearn]

Very good analysis my dear friend and very helpfull for us. thanks for sharing

[sujonmia]

Your daily market report is so helpful for us. thank you sir..

[triptybarsha]

That's a great job, like your post.

[shucona]

So great market.
I appreciate your dtube.

[kretorkk]

Thanks for update my dear friend and your update is very helpfull for me.

[dilshan77]

Good morning @maneco64 sir,,
Very nice post..
I like it this post..

[nzfxtrader]

Emerging market crisis in the making✔
Eurozone slowdown✔
Surging oil prices✔

Should end well

[nishuxr]

A Shining Beacon of Laissez Faire and Small Government.,,Nice article,,,I waited for your post and @upvoted all time,,Thanks for sharing

[rhyscn]

Hong Kong really is a great example of what can happen to an economy when Government's aren't so close minded. With that being said, my conversations of late with people from HK have given me the impression that things are really changing there at the moment. A lot of people are moving to mainland China for more opportunities.