Hong Kong Calling: Capitalism HK

The first edition of a great new magazine has just been produced, by my friend and one of Australia’s finest, Benjamin Marks. It aims to defend Hong Kong and provide an alternative to ‘The Economist’ and several other similar publications. I’ve just read through the first copy, and it’s excellent.

Check out the website, here.

Makes me want to go beyond Singapore, and head for Hong Kong instead. I particularly like the picture of F.A.Hayek on the front cover.

(For an even better picture of F.A.Hayek, try here.)

Here’s the first editorial:

Welcome the first issue of Capitalism.HK, which is both the name of the print journal and the domain name of its website.

Capitalism.HK will defend Hong Kong, the capital of capitalism, against the “peer” pressure of the less free Western world, which immature Hong Kong politicians are already succumbing to; and then bite back and pressure big-government Western countries, like the United States and Australia, into following Hong Kong’s success.

Published in Hong Kong, Capitalism.HK has international columnists and readership, same as The Economist and Time Magazine, but without their political populism and dumbed down economics.

We aim to be the Hong Kong of magazines. A haven where we are safe from the jillions of jingoistic journalists who see democracy as the solution to all problems; whereas we see it as the philosophy of the pack hunt, the lynch mob and the gang rape.

That free-market advocates have an uphill climb and Capitalism.HK will have much to do is evident from the treatment of two of the most tangible examples of capitalism: the Hong Kong economy and the Australian mining industry. Both create something that customers value from resources customers clearly valued far less prior to entrepreneurs risking their capital investing in that area. Yet the Australian mining industry is under constant attack and the Hong Kong non-interventionist economy is rarely lauded as the guiding light to the world that it ought to be. Even the political forces within Hong Kong are constantly bowing to “peer” pressure, like school children, arguing that since other governments get bigger chunks of their economies, then they should too. It makes one think that most Hong Kong bureaucrats have never even heard of the Austrian school of economics, and the likes of Ludwig von Mises, Murray Rothbard and Nobel Laureate F.A. Hayek.

We plan to engage with our philosophical opponents and to treat them even more respectfully than we do our Board of Directors. From the next issue, we will be featuring letters-to-the-editor, especially critical ones, and our responses. If any of your colleagues are critical of free-markets, challenge them to put their criticisms in writing and send them in. Please email them to ed@capitalism.hk, and specify whether you are happy for your name and title to be used, or whether you’d prefer to be anonymous. Comments can also be posted on our website.

Our cover story is a shortened version of Herbert Spencer’s 1884 essay, “The Coming Slavery.” It argues that each individual government intervention leads to justifications for others. For example, if government should force-feed the minds of children, through compulsory education, then what principled reason is there why they should not also force-feed their bodies?

The cover image is a 2012 photo by Joshua Marks of Lewis Morley’s circa 1975 assemblage of an egg in a birdcage. This is the first time it has been photographed. For me, the
assemblage symbolises the absurdity of government and the principles used to defend it (however well-intentioned).

Morley was born in Hong Kong in 1925. He was interned in Stanley Internment Camp during the Japanese Occupation between 1941 and 1945. On his release he went to the United Kingdom and, eventually, became a world-renowned photographer.

Benjamin Marks
Editor, Capitalism.HK

Top work.

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About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
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