Hong Kong's Financial Secretary during the 2008 crisis revealed that Hong Kong would rather pave Victoria Harbor and build three new bridges than implement unemployment benefits because permanent transfer programs cannot be eliminated, while discrete infrastructure projects end—explaining the different debt strategies of capitalist Asia versus welfare-state West.
factualpending
Speaker
Louis Vanden EyndeEvidence Quote
“he said look we will pave the whole of Victoria Harbor and the whole of the peak before and build another Three Bridges across the harbor before we do unemployment benefits”
Source
From Wedlock to Deadlock: The East-West Divorce - with Brent Johnson and Louis Gave— In Gold We Trust [EN]Created: 8/12/2026, 6:04:21 PM
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