Wednesday, June 27, 2007

Golden Geese

As Brad Delong said, "A golden goose tends to be a short-lived beast." I have to say, though, the Chinese government has shown remarkable restraint in their treatment of Hong Kong. When the transfer first went down, I expected Hong Kong's economy to be eviscerated by the end of the year, so perhaps my low expectations contribute to the feeling of success, but the Chinese government seems to be the world's experts on controlled transitions.

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