The Fraser Institute issued its annual Economic Freedom of the World report last week. It didn’t get much attention; it never does these days. Considered as a league table, the report is very boring and static, and makes poor copy.
The same countries typically appear at the top from year to year, and are separated mostly by microscopic, irrelevant differences. For 2017, whence the data in the new report come, Canada sat in eighth place just a hair above Australia and a hair below the U.K. Ascending to the top, we meet other siblings of the English-speaking world, Ireland and the U.S.; the Swiss Republic stands in its typical fourth; the relatively wild child of the Commonwealth, New Zealand, remains third; and then, in the top two places, you have the twin beacons of radical economic freedom, Singapore and Hong Kong.
Ah, yes, Hong Kong. The Special Administrative Region seems, for now, to have won a short-term victory in its struggle to preserve the conditions of its reunion with mainland China. This has not, ostensively, been a struggle over economic freedom per se, but it is not a coincidence that the rioting ultimately originated in a conflict over bookstores. It is mighty hard to draw a line where “economic” freedom stops and purely personal or civil freedoms begin, and the design of the index reflects this. It has a large basic rule-of-law component, includes mobility rights under the free trade factor, and takes points away for imposing military conscription. (This is surely a tiny tribute to the shade of Milton Friedman, who was one of the originators of the index.)
Even if Hong Kong’s immediate quarrel with China has been resolved for now, it is only a manifestation of what is likely to be a longer game. Clever columnists always like exoticizing talk about how the Chinese think in generations, but when it comes to Hong Kong, the cliché has weight. The 2019 riots, in showing how attached young HKers are to their distinct identity and to the English-speaking world, have revealed a nightmarish, even delegitimizing failure by the Chinese Communists. Mainland influence on Hong Kong education and politics has been used with the intention of prolonging and deepening the spirit of ’97; China, so often deemed the super-country of the future by admiring or fearful intellectuals, has tested the results of this effort in the eyes of the world and been made a laughingstock.
Colby Cosh, “Hong Kong’s still king in economic freedom rankings … for now”, National Post, 2019-09-17.
January 5, 2024
QotD: Hong Kong and the “league table” of world economic freedom
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