Quote:
Originally posted by Sexual Harassment Panda
Where do you get this stuff? The Heritage Foundation has rated Hong Kong the freest economy every year since 1995. Look it up.
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What you failed to mention was that Singapore is number two. The Economist and the Far Eastern Economic Review keep putting Singapore at the top, but Singapre and Hong Kong are almost the top two. But that still reinforced my argument. Before the communist takeover (and the introduction of Socialism) Hong Kong, Taiwan and the rest of china had the same per capita income. Before China introduced its economic reforms the per capita income in all of China was $500 a year. At that same time, the freest economy - Hong Kong has a percapita income of $7,000 per year, and Taiwan, a little less free but a great deal more free than China, has a per capital income of $5,000 per year. Now that the rest of China has open up its economy, China is rapidbly catching up to these countries.
