“That’s why ev­ery­thing is ex­pen­sive in HK!”

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More Mo­nop­o­lies

Re­sponses to last week’s cover story, which only grazed the sur­face of Hong Kong’s mo­nop­o­lies (“Mo­nop­oly City,” June 17, is­sue 1150).

The world’s most com­pet­i­tive econ­omy un­for­tu­nately does not be­lieve in do­mes­tic com­pe­ti­tion.

Thomas Isaac

Ac­tu­ally, think you missed the most im­por­tant point. Al­most all of these oligopolic con­glom­er­ates that you men­tion are also in­ci­den­tally all prop­erty de­vel­op­ers.

Haywo-d Hoh

And that’s why ev­ery­thing is ex­pen­sive in HK!

Isaac Lee

How could you for­get the pri­vate com­pany named Oc­to­pus. There is no com­peti­tor. Also, for all in­tents and pur­poses Union Pay and EPS are pure mo­nop­o­lis­tic or­ga­ni­za­tions. It is al­most im­pos­si­ble to get a Visa or MasterCard debit card in Hong Kong. For those on the lower in­come lev­els or un­even in­come have no choice but to use EPS and com­mit to phys­i­cal store shop­ping only. They can­not go on­line to shop if they chose be­cause they can­not get a credit card since only EPS is us­able in Hong Kong. As such they end up pay­ing more for al­most ev­ery­where.

Reuben L Sush­man High Times

Last week Mr Know-It-All ex­plained the his­tory of our long-run­ning opium mo­nop­oly (“What Hong Kong Mo­nop­oly should I know about?” June 17, is­sue 1150). Face­book read­ers re­flected:

Pare­goric (Cam­phor­ated tinc­ture of opium) was not made a Sched­ule III drug un­til 1970. Dur­ing the whole pe­riod of this ‘mo­nop­oly’ large swathes of the global pop­u­la­tion was ad­dicted to opium and its de­riv­a­tives, in Western coun­tries mostly through pharme­ceu­ti­cal prepa­ra­tions.

David Fran­cis Ur­rows

The Sas­soon fam­ily were in­volved... the Opium wars were fought over it and China lost Hong Kong. Aw­ful event in China’s his­tory :-(

Xiao Niu

You can thank United King­dom for that...largest drug deal­ing em­pire

Ken Iwaki

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