31Jul/10Off
Hong Kong Experiment
The Economist viewed the introduction of a minimum wage law to the Hong Kong Economy as an end to its free market experiment that was touted to be 'Milton's Paradise'. The article traces the historical background that resulted in the Laissez-faire capitalism that Milton Friedman so love.
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July 31st, 2010 - 21:02
The Economist referring to Hong Kong as “Milton’s Paradise” was less an act of touting than an allusion to John Milton’s epic poem “Paradise Lost”.
July 31st, 2010 - 21:04
And that is exactly the genius of writers of The Economist!