state owned enterprises

Privatize Our SOEs

Next Magazine (2015.01.01, A002, Second Opinion, Bill Stacey) As we seek to heal the wounds of the political divide and show that “one country two systems” might have meaning, we could do worse than focus on removing more activities from the political realm. This is no more important than in theContinue reading>

argentina

Don’t Follow Argentina

Next Magazine (2014.11.27, A002, Second Opinion, Bill Stacey) A popular explanation for discontent manifested in protests for democracy is that it results from a wealth gap and rising inequality in Hong Kong. It is argued that bad policy is dictated by plutocrats that have extra votes and the government in theirContinue reading>

pre20090930-2

Vanguards in Our Streets

Next Magazine (2014.10.23, A003, Second Opinion, Bill Stacey) Hong Kong is a miracle. A rite of passage for young western bankers in Hong Kong is the junk trip to Lama with the top management from head office. Two decades ago my CEO, an accomplished head of the then biggest bank inContinue reading>

Art Laffer

False Compassion

Next Magazine (2014.08.28, A002, Second Opinion, Bill Stacey) It is the gift of a great economist to be able to make complex issues simple. Art Laffer reached public greatness with his insight that there is a level of tax rates that is so high that even with higher rates, revenue wouldContinue reading>

破壞法治

Undermining The Rule of Law

Next Magazine (2014.07.31, A002, Second Opinion, Bill Stacey) Mark Twain penned the maxim that “no man’s life, liberty or property are safe while the legislature is in session.” It has always seemed a wise precaution to keep a close eye on what the legislature is doing. Therefore it has been possibleContinue reading>

West Kowloon1

Turn West Kowloon Into A Market

Next Magazine (2014.07.10, A002, Second Opinion, Bill Stacey) Eleven years after closing, there remains controversy about plans to preserve and redevelop the Central Market. At least we now have some rather bold plans, but apparently some people still object to the number of commercial outlets in the plans. So the siteContinue reading>