This edition is the Original Edition of the title. It discusses how the land system in Hong Kong, inherited from the British, has helped to create unrivaled wealth for the ruling class and how the lack of competition law has encouraged industrial and economic concentration in these same entities. Arguing that the land system, industrial concentration, and phenomenal wealth imbalance have given rise to a host of social and economic ills, the concise analysis concludes by offering solutions to heal Hong Kong of these problems. This Edition was rated as Editor's Choice: Scholarly in September/October 2007 by Canadian Book Review Annual.
In July 2010 a Chinese edition of the title - "地產霸權" - was co-published by Enrich Publishing Ltd. and Hong Kong Economic Journal Co. Ltd. (ISBN 9789881921871). Yazhou Zhoukan (Asia Weekly) voted it as ONE OF THE TEN BEST BOOKS (NON-FICTION)IN GREATER CHINA FOR 2010. It also won the 4th Year Hong Kong Book Prize in June 2011.
In January 2011 Enrich Professional Publishing (S) Private Ltd. published a thoroughly revised and updated Second English Edition with the addition of a new chapter (ISBN 9789814339100).
Born and raised in Hong Kong, Alice Poon received a fully bilingual (English and Chinese) education and also learned French in her youth.
Since the release of her two historical Chinese novels: The Green Phoenix and Tales of Ming Courtesans, nostalgia for the magical world of wuxia fiction, which she grew up with, has spurred her desire to write in the Chinese fantasy genre. With the passing of the wuxia fiction icon Jin Yong in 2018, she has felt an urge to help to preserve his legacy and to promote this unique genre of Chinese folk literature to a wider global audience.
Overall, inspiration for her fiction writing comes from Jin Yong’s wuxia novels, the wuxia/xianxia media, and French and Russian realist classics.
She lives in Greater Vancouver, Canada and wishes to indulge herself in putting her imagination on the page.
The Original Edition of "Land and the Ruling Class in Hong Kong" (December 2005) was rated as Editor's Choice: Scholarly by Canadian Book Review Annual in September/October 2007.
The Chinese Edition "地產霸權" (July 2010) won the 4th Year Hong Kong Book Prize in June 2011.
Here's the full review of the Original Edition by Gary Watson from Canadian Book Review Annual:-
"Oligopoly pays." That’s the chief lesson emerging from Alice Poon’s excellent survey of Hong Kong’s real estate and infrastructure economies. Although Hong Kong is often characterized as one of the world’s freest economies, it is in fact controlled by a handful of wealthy individuals and companies who stifle—rather than encourage—competition.
Poon dissects the sinews of Hong Kong "big money" and isolates its key components, those being legislative and legal sway over land and competitive policies. Hong Kong’s biggest fortunes owe their growth and security to dominance over a wide spectrum of businesses ranging from transport, public utilities, supermarkets, and food distribution to, most importantly, land development. Huge amounts of real estate are developed by a handful of large companies who control all aspects of supply, construction, and property management. Indeed, the usual hallmarks of classically defined competitive markets are nearly absent; instead, Hong Kong’s market structure suffers from steep barriers to entry and government policies that serve to bolster the market positions of a half dozen huge conglomerates.
The situation of near-anarchy for Hong Kong’s corporate heavyweights may make for impressive annual reports but does little to relieve Hong Kong’s mounting social and economic tensions. Poon carefully details how government "of the rich, by the rich, for the rich" in Hong Kong has damaged civil norms and deprived its population of economic security and well-being. Not surprisingly, articulate protest groups have lodged forceful criticism of "business as usual" and gained widespread support, proving that discontent is deep-seated and justified.
Poon’s concise, well-argued analysis is one of the few available English-language sources on Hong Kong’s predicament. While Hong Kong’s once-vigorous and argumentative press has lost its teeth following the takeover, new outlets such as blogs have assumed huge importance as a barricade for free expression and democratic principles. With Shanghai rapidly eclipsing Hong Kong as the banking and finance powerhouse for China’s breakneck growth, there’s a chance that competition may in fact re-emerge and make for the kind of "popular" entrepreneurship long absent in Hong Kong.
The author merely describe things and putting together. There's not enough proof that one incidence is the cause of another. I can't see the logic throughout the book. Only linking facts together and trying to correlate them, totally tautological!
Really interesting read. If you want to know what Hong Kong is about then this is a must read. Good insights and details about how the property developers have control in Hong Kong. Would be interesting if there was an updated chapter of some of the more recent policies in Hong Kong.
LAND MONOPOLY is not the only monopoly, but it is by far the greatest of monopolies -- it is a perpetual monopoly, and it is the mother of all other forms of monopoly.
该书作者曾在香港地产商从业。在本书中,她论证了在政府政策的支持下,跨行业垄断的地产商操纵了与市民生活息息相关的各大领域,操纵香港此类商品和服务的价格,从中谋取暴利。为此,她建议推行低地价政策、最低工资和集体谈判权、累进税、地价税等。本书最初于2005年以英文版Land and the Ruling Class in Hong Kong发行,2010年译成中文。
Good introduction to the history of the property oligarchs in Hong Kong and how terrible it all is. Unfortunately the author switches between being a free market apologist (most of the time) and a social democrat in their approach for a solution. Frankly it is surprising that she can’t see that commodification is the very root of the problem. But this is Hong Kong after all.