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OpinionLetters

Letters to the Editor, March 4, 2013

Michael Chugani in his column has painted a gloomy economic outlook for Hong Kong and his vivid description reminded me of the film Les Miserables and Mencius. When greed reigns, it suffocates sustained economic growth. The birth rate and demographic profile will be deformed and, therefore, in the long run the population pyramid is not healthy.

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Letters

Michael Chugani in his column has painted a gloomy economic outlook for Hong Kong ("Greed reigns", February 23) and his vivid description reminded me of the film Les Miserables and Mencius.

When greed reigns, it suffocates sustained economic growth. The birth rate and demographic profile will be deformed and, therefore, in the long run the population pyramid is not healthy.

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Hong Kong is no longer an ideal place to live and bring up a family.

Also, when greed reigns, more home buyers become slaves to their mortgages. Not only that but as property prices skyrocket, more people find they cannot afford to buy a decent flat and the queue for public housing and the Home Ownership Scheme gets longer.

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Rampant greed has meant that the creativity and vitality for which Hongkongers are famous - the Lion Rock spirit - has been shattered. Cantonese Opera troupes and arts groups cannot afford to rent an arena.

With such depths of greed being prevalent, the predatory rule of the jungle will prevail.

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