The Intelligence from The Economist PLA a part? Hong Kong’s growing unrest
Aug 6, 2019
James Miles, China editor for The Economist, dives into Hong Kong's escalating unrest and the chilling signals of possible military intervention from Beijing. He discusses the nuanced government response and evolving public sentiment, contrasting it with past authoritarian actions. The conversation explores the implications of troop deployments, potential local backlash, and international perceptions. Additionally, they touch on the controversial rise of employee ownership and the staggering inflation of concert ticket prices, highlighting economic pressures on artists and consumers alike.
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Unmet Demands
- Despite the controversial extradition bill being suspended, protests continue as demonstrators demand its complete revocation.
- The Hong Kong government resists further concessions, fearing a slippery slope.
Potential for Military Intervention
- While China hasn't decided on military intervention, the language used by officials suggests preparation for extreme measures.
- Such action carries significant international ramifications and risks further escalating violence in Hong Kong.
Benefits of Employee Ownership
- Employee-owned firms often experience higher worker output, better retention, and increased returns on assets.
- This model is well-established in America, with companies like Southwest Airlines and Starbucks participating.