Wednesday, September 16, 2009

Positive Non-Interventionism BY Absence of Government Intervention

Hong Kong has the highest ranking economy in the world.  America has dropped to 6th place.  Hong Kong's wealth gap between the rich and the poor continues to get wider not smaller.  Why is America trying to do the opposite, when economy models from around the world show it does not work?  Have we not learn that small business and the rich are the job creators?

Positive non-interventionism was the economic policy of Hong Kong during British rule. It was first officially implemented in 1971 by John James Cowperthwaite, who observed that the economy was doing well in the absence of government intervention. The policy was continued by subsequent Financial Secretaries, including Sir Philip Haddon-Cave. Milton Friedman has cited it as a fairly comprehensive implementation of laissez-faire policy, although Haddon-Cave has stated that the description of Hong Kong as a laissez-faire society was "frequent but inadequate"[1]

Posted via email from kleerstreem's posterous

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