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The tragedy that is West Kowloon

(Next Magazine, 2017/01/26, A002, Second Opinion, Bill Stacey) Is there a good solution to the Palace Museum controversy? How should we decide the right use of valuable land? Who should decide who builds and designs the monuments? These are questions calling for an answer. Now most of the great historic monumentsContinue reading>

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Spare us the auction on stolen goods

(Next Magazine, 2016/12/30, A002, Second Opinion, Bill Stacey) As our next Chief Executive “horse race” starts, we should heed the American critic HL Mencken’s warning that “every election is a sort of advanced auction on stolen goods”,  and remain vigilant against unrealistic promises from candidates that reach into our pockets orContinue reading>

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Government is the problem, not the solution

(Next Magazine, 2016/10/6, A002, Second Opinion, Bill Stacey) Political debate in Hong Kong is almost invariably trapped in the “nirvana fallacy”, which according to economist Harold Demsetz, “implicitly presents the relevant choice as between an ideal norm and an existing imperfect institutional arrangement.” This leads to bad decision-making and bad arguments,Continue reading>

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The Lion Rock Institute Public Housing Unit Exchange Scheme

The Lion Rock Institute Public Housing Unit Exchange Scheme Overview: Nearly half of Hong Kong’s population lives in public housing, but is this housing stock being used efficiently? No! The currently system is highly inefficient, leading to wastage of scarce land resources. Here’s why. Once a public housing resident entersContinue reading>