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Monday, October 09, 2006

Hong Kong - Don't Mend What Ain't Broken

Concerning news from the world's most Capitalist city:

Newsweek:
Yet by the numbers, government in Hong Kong isn't small anymore. Public spending now accounts for roughly 23 percent of gross domestic product, up from 14 percent in the late 1980s. Tsang has even proposed a new goods-and-services tax to broaden the government's revenue base.


More at Adam Smith blog.

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