ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Opinion

COVID-19 is only making Hong Kong's inequality worse

Low taxes and poor safety net need to change to help working and middle classes

| Hong Kong
An empty restaurant with social distancing screens displayed on the tables in Hong Kong, pictured on July 16: job losses are acute among lower-paid services workers.   © Sipa/AP

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

For decades, Hong Kong was a laboratory for the laissez-faire crowd keen to prove the wonders of low taxes, free trade and minimal government intervention. It reveled in being the freest economy anywhere and at times even thrived as a result.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more