Wednesday, October 15, 2014

Reaons for Hong Kong protests are the following...

We have these student demonstrations. In my view it is less about democracy and more about the chief executive of Hong Kong being very unpopular with young people and also with other people in Hong Kong. 

And it is also a social background in the sense that Hong Kong became very prosperous between 1950 and about 10 years ago. Years in which GDP per capita increased enormously and over the last 10-15 years real in other words inflation adjusted per capita incomes have been declining.

I believe the outcome will be some sort of compromise where by the chief executive would probably resign.