Source: Bloomberg
Author: Clara Middot; Ferrara Middot; Macus
Buying living materials in the economic town in Asia began to remind me of the chaotic summer mdash in Russia in 1998; mdash; if you find what you find, if someone is queuing, you should consider joining the team.The surgical mask and hand -washing solution must be void, and the containers of the washing agent are empty.Last week, the tide of buying toilet paper due to online rumors was like Venezuela.
People around the world are unreasonable, and social media rarely help this.However, in the past few days, Hong Kong, affected by the new crown virus, has spread obvious anxiety, showing that people have always expected that even if the government cannot, at least private companies will still ensure that life is running as usual.Essence
However, both the government and the private enterprise both failed this time. Even after the 2003 Shats epidemic that caused more than 300 people to die, Hong Kong was still inadequate.
The definition of a fragile government is usually unable to protect the people, provide basic services, and be questioned.After the epidemic and the monthly democratic protests were not properly handled, Hong Kong has met most conditions.Coupled with the tight judicial system, Hong Kong's prospects as the financial center are not optimistic.
First look at the current situation.The epidemic in Hong Kong is at least not as bad as some parts of mainland China.In mainland China, the new crown virus epidemic has allowed people to start to set up roadblocks or be followed by drones.Hong Kong is not Wuhan.However, after 26 confirmed cases and a death case, the SARs with more than 7 million residents have entered the blockade state MDash; MDash; primary and secondary schools and museums have been closed.Hong Kong's US $ 360 billion economy has been fragmented after the tearing of anti -government demonstrations for many months.Some clinics are closed because of the lack of masks, and people who buy masks outside the pharmacy have grown up.At the same time, the official response was laughed at MDash; MDASH; a senior politician (a member of the DAB Jiang Liyun, and the chairman of the Legislative Council Health Affairs Committee) at the Legislative Council's protest at the Legislative Council.It means that you can wash a sexual mask by steam.
The problem is not the epidemic or the medical system of Hong Kong
As a person who has just come to Hong Kong from Singapore, the situation in Hong Kong is a mess that is difficult to understand, which makes it hard to think of those countries that have learned or interviewed Africa and the former Soviet Union.The problem is not the epidemic or the system system of Hong Kong, but because the team of Chief Executive Lin Zheng Yue'e's team is not properly handled.There are not many social capital and rationality left, and Hong Kong citizens no longer believe that Lin Zheng's team will serve the interests of citizens. When the crisis is derived from the mainland, this is particularly true.
Lin Zhengyue repeatedly reflected the improper governance of the Hong Kong government on the mask problem.After the demonstrators were banned from wearing a mask to cover up their identities last year, Hong Kong officials now began to ask citizens to wear masks to prevent viruses from spreading.On the day of the first death case in Hong Kong, Lin Zhengyue did not wear a mask when he publicly appeared, and asked officials not to bring a mask and leave the mask to the medical staff.The senior civil servants ignored this instruction. The Legislative Council's opposition members accused Lin Zhengyue of making panic, and health experts criticized her instructions being unsafe.Lin Zhengyue apologized after creating chaos.
Following this catastrophic failure, it is the unimaginable toilet paper to buy a tide in any other international metropolis.All this should worry that managers, bankers and traders are worried about MDash; MDASH; it means that the situation is deteriorating, and the next time will be worse.
A city that has undergone several acute respiratory infectious diseases did not have enough masks for citizens, or set up clear and practicing isolation measures. Hong Kong could not justify itself at this point.At this time last year, the Hong Kong Hospital Authority was busy banning electronic cigarettes, which was enough to show that the authorities could not figure out the key points.The health risks of e -cigarettes are insignificant.
Lin Zhengyue moved rapidly in the implementation of strict law, and once closed the park and postal services.The Hong Kong government did not decide to isolate visitors from mainland China until February 8th, and the severity of the epidemic in the epidemic a few weeks ago was clear.
Compared with Singapore, it is incurable to compliment Hong Kong. If the official data is accurate, there are more confirmed cases in this Southeast Asian city than Hong Kong.After Singapore increased the alert level last Friday (7th), the supermarket also had a wave of buying, but at least it has not continued to panic like Hong Kong.Right now, Singapore has begun to reduce school activities based on a clear system set up after the Shats epidemic, and the company has also been told that the emergency plan should be considered and large -scale activities are canceled.In addition, all life there is as usual. The mask not only has reserves, but also provides free of charge.At least last week, there were no teams to receive masks.
Singapore has also had a chaotic moment, such as when the epidemic outbreak of Zika virus, and it is not famous for freedom.There is no doubt that the Singapore government can do better when announced on Friday, but it still looks far more competent and prepared than Hong Kong.Rich customers in Hong Kong have only opened an account in Singapore before, and they may start to transfer funds now.
A bank and trading center requires that funds can be free, reliable judicial systems, and local and foreign employees safely travel and work.Hong Kong has become increasingly unable to provide these conditions.As long as China continues to control financial and information, Hong Kong still has a relative advantage, but this is already narrowing.
Hong Kong is not a Galagas (Venezuela Capital), at least not yet.But watching a group of women grabbing the last pack of sterilization paper towels, I felt that I returned to Moscow and watched people start panic -to -buy supplies due to the collapse of the currency.The failure government is just like Anna Karenina's unhappy families.
