Monday, November 05, 2007

Government --- The Micky Saver

Today's edition of the HK Standard reported:

Mickey Mouse and his mates at Hong Kong Disneyland look set for another massive cash handout - courtesy of the taxpayer

More here.

Back in 1999, when the HK Disneyland project was still on the drawing board, my former colleague (and coauthor) at the Chinese University of Hong Kong professor Kwong Kai-sun had challenged the wisdom of having the project where the HK government is a majority shareholder.

Specially, professor Kwong criticized many assumptions contained in a government study which hailed the benefits that could be expected from the project. More here.

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