Assaulting our competitive edge

(Next Magazine, 2016/7/21, A002, Second Opinion, Bill Stacey) Assaulting our competitive edge Pride comes before the fall according the Book of Proverbs. One Hong Kong achievement worth being proud of was our world beating Octopus card. Whilst cities around the world from London and New York to Melbourne were struggling withContinue reading>


Targeting Link

(Next Magazine, 2016/6/23, A002, Second Opinion, Bill Stacey) Targeting Link A powerful US political aspirant does not like reports about him in the Washington Post. He threatens its proprietor’s separately listed company, Amazon Inc., with antitrust action and official scrutiny. Many will think Donald Trump to be out of line, butContinue reading>


The war against work

(Next Magazine, 2016/6/2, A002, Second Opinion, Bill Stacey) The war against work When I first arrived in Hong Kong in 1989, I had the impression of an incredibly dynamic work environment. Unemployment was negligible and workers of all kinds were in demand. Employers constantly complained that they could not keep staffContinue reading>


Not enough capitalism!

(Next Magazine, 2016/5/5, A002, Second Opinion, Bill Stacey) Not enough capitalism! Hong Kong has many contentious public issues, but the underlying source of our discontent is fifteen years of stagnant real wages. For many in Hong Kong we are simply not progressing and the upward mobility from a dynamic economy seemsContinue reading>

The dark side of localism

(Next Magazine, 2016/3/10, A002, Second Opinion, Bill Stacey) The dark side of localism Localism is on the rise. Edward Leung Tin-kei, a localist candidate, did not win a Legco seat in the New Territories East by-election. However, the more than 66,000 votes he garnered suggest that the sentiment to distance, orContinue reading>


Safeguard our freedom

(Next Magazine, 2016/2/11, A002, Second Opinion, Bill Stacey) Safeguard our freedom The Heritage Foundation just named Hong Kong, for the 22nd consecutive year, the freest economy in the world. Some people are mystified by this singular recognition. They see instead creeping government intervention, rising vested interests and half the population inContinue reading>


Universal pension, universal failure

(Next Magazine, 2016/1/14, A002, Second Opinion, Bill Stacey) Universal pension, universal failure Hong Kong became the prosperous success that it is today, precisely because we avoided the depredations of the welfare state established across the western world in the post war period. Without commitments from government to provide universally for theContinue reading>


Leave the property market alone

(Next Magazine, 2015/12/17, A002, Second Opinion, Bill Stacey) Leave the property market alone CY Leung is half right. It is not the job of the government to guarantee that property prices will not drop. As if on cue, the property market reportedly peaked in September.Yet given our Chief Executive’s uncharacteristic restrainedContinue reading>

Government intervention corrupts

(Next Magazine, 2015/11/19, A002, Second Opinion, Bill Stacey) Government intervention corrupts AS our former Chief Executive Donald Tsang stood trial for misconduct while in office, Legco rejected last week an attempt to extend anticorruption law to cover the head of government. By focusing primarily on taking pecuniary benefits, this narrow viewContinue reading>