2 Sept 2014 | Rich Scotford | China Op-eds
Beijing wants a subjugated Hong Kong like Macau is today. High on money, low on morals and locked-down on any real freedoms. That’s the model they desire for Hong Kong. However, the political awakening that is happening in Hong Kong now rejects this model for the city. The students are now the foot soldiers in an opening front to protect the Rule OF Law in Hong Kong. The students know they can go onto the street and break the law in a small way to prove that the law is still just.
The CPC can not play this kind of game in Hong Kong yet without becoming the biggest loser. Currently the laws of Hong Kong are steadfast and are guarded by a robust and dynamic internationally recognised legal system. If things get bad, Beijing can throw out all the laws of Hong Kong and declare a state of emergency and impose marital law on the city – but if they do this, they lose. They lose an international city and the Hong Kong stock markets will crash and China will be an international pariah once more. Enormous proportions of the CPC’s wealth will be lost in a HK crash. Most Hong Kongers on the streets at the time will not care if the HK Stock Exchange collapses, Why? Because they have no interest there. That ship sailed for them years ago. Most Hong Kongers can barely afford housing or schooling, let alone stocks. Even Hong Kong’s once influential middle class have been pushed out of this market and struggle to survive in a city dominated by CPC corrupt money, The CPC will be the biggest loser in any lock down of the city. They will effectively be killing the goose that lays the golden eggs.