Now more than ever China needs Hong Kong to remain an engine of Capitalism.
We’ve talked before about Socialist Countries existing at the teat of Capitalist Countries. Socialism cannot create wealth. Nothing has changed.
When China took control of Hong Kong in 1997 it was widely thought the Socialist country would quickly destroy all that made Hong Kong prosperous. Many believed, with good reason, that the oppressive, individual hating, top-down governing ideology would not be able to tolerate the freedom and individual liberty associated with Hong Kong.
Surprising the world, China instead chose to isolate Hong Kong from the rest of the country. It was a brilliant move by horrible people. China held Hong Kong as an asset in its ‘portfolio’ with the realization that the prosperity Hong Kong created was essential to the perpetuation of China’s oppressive Socialist Ideology.
Don’t be fooled… Hong Kong remained an irritant to many of the Elitist Chinese Politicians. But economically it was a sound decision if it was the life of the oppressive, human hating, Chinese Socialist ‘Utopia’ which ultimately mattered. Those 1997 Autocrats in waiting were on the precipice of unimaginable wealth to be gleaned from a relatively new trade partnership with the United States. The full absorption of Hong Kong could wait a little while until a new engine of wealth was fully realized…
Fast forward to 2019…
The overt move to bring Hong Kong ‘into the fold’ of China’s Democratic Socialist Dictatorship has been underway for a little over a decade. But a disruption, an Orange Swan if you will, occurred which turned the finely set table over.
Suddenly something changed.
The people of Hong Kong rediscovered their value when the prettiest girl in the room decided she ‘ain’t got no sugar’.
China’s ‘new’ engine of wealth, the United States, decided not to play anymore. Hong Kong was back!
This move alone has thrown China’s long term plans into question.
The resistance from the United States to the contemporary trade agreements with China has provided Hong Kong with the ability to resist… making Hong Kong important once again. China once again needs them… badly…
China’s long term existence is questionable, at best, without the United States and is certainly headed for a catastrophe without both the United States and Hong Kong combined.
This is an important Global event and deserves all of our attention.