Profit motive is the source of inequality
Like many people, Professor Cheung fails to understand that the pursuit of profit and private enterprise are indeed the source of Hong Kong’s problems. They cannot logically be the solution.
It is the blind pursuit of profit that leads to doctors poisoning patients in Causeway Bay beauty clinics. It is putting private enterprise before social well-being that results in the extreme levels of inequality and 20 per cent of Hong Kong people living in poverty.
It is to protect business that Hong Kong tolerates the air pollution, the heavy metals in the water and the gutter oil in its kitchens. Hong Kong cannot fix its social and environmental challenges while it believes that “business can profit all”.
Such thinking stems from an economic philosophy designed for the 19th century.
Graeme Maxton, secretary general, the Club of Rome, Winterthur, Switzerland