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Hong Kong's Ayn Rand fantasy hinges on just $5

Carrie Lam's ill-timed return to austerity will widen city's rich-poor divide

| Hong Kong
Carrie Lam speaks to media on Feb. 22: Hong Kong chief is probably the least coveted job in global politics.   © Reuters

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

After a truly dreadful 2020, Hong Kong's leaders are signaling the political equivalent of "hold my beer."

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