Milton Friedman on Hong Kong

Long time I didn't found something interesting at del.icio.us/popular. Today I followed a link to an article by Milton Friedman, american economist and Nobel Prize winner in economics. It's a bit old but still very interesting: Friedman compares Hong Kong's economy with Britain, Israel and the USA.

"The real lesson of Hong Kong ... is that we're using our resources inefficiently. Our government is spending our money to subsidize tobacco and to penalize smoking; to subsidize childbearing and to discourage childbearing; to build new housing and to tear down housing; to subsidize agriculture and to penalize agriculture; and on and on not to mention converting square miles of forests into billions of paper forms and spending many man-years of labor filling them out and then filing them. In the process, government tends to neglect its basic functions..."

I'd love to see a comparison between Hong Kong and Germany too. Really, Hong Kong is still my favorite place to shift my business to--even though my fellow blogger Edwyn advised me on skipping Hong Kong alltogether and going to mainland directly. The incorporation of our new company in Hong Kong was finalized about last week. At the moment I'm building up a company-blog on Wordpress for this one.

Milton Friedman über Hong Kong
Ich bin seit längerer Zeit auf keine interessanten Links mehr bei del.icio.us/popular gestoßen. Heute fand ich einen Verweis auf einen Artikel von Milton Friedman, dem amerikanischen Ökonomen und Nobelpreisträger für Ökonomie. Ist schon ein paar Jährchen alt, aber immer noch aktuell und interessant: Friedman vergleicht die Wirtschaft von Hong Kong, England, Israel und den USA miteinander.

"The real lesson of Hong Kong ... is that we're using our resources inefficiently. Our government is spending our money to subsidize tobacco and to penalize smoking; to subsidize childbearing and to discourage childbearing; to build new housing and to tear down housing; to subsidize agriculture and to penalize agriculture; and on and on not to mention converting square miles of forests into billions of paper forms and spending many man-years of labor filling them out and then filing them. In the process, government tends to neglect its basic functions..."

Mich hätte ja mal der Vergleich zwischen Hong Kong und Deutschland interessiert. Mein Geschäftsfeld der Wahl ist jedenfalls eher Hong Kong als Deutschland -- auch wenn mein Onlinebekannter Edwyn mir geraten hat, Hong Kong auszulassen und mit den Geschäften direkt nach Festland-China zu gehen. Die Firmengründung unserer Limited in Hong Kong wurde übrigens in den letzten Wochen abgeschlossen. Im Moment bastele ich an einem Company-Blog dafür, aufgesetzt auf Wordpress.

:) <- Lutz