Back in 2014, I compared Hong Kong’s amazing growth with Cuba’s pitiful stagnation and made the obvious point that free markets and limited government are the right recipe for prosperity.
Especially if you care about improving the lives of the less fortunate.
Communists claim that their ideology represents the downtrodden against the elite, yet the evidence from Cuba shows wretched material deprivation for most people.
In Hong Kong, by contrast, incomes have soared for all segments of the population.
Today, let’s update our comparison of Cuba and Hong Kong. Law & Liberty has posted a a fascinating review of Neil Monnery’s book, A Tale of Two Economies, authored by Alberto Mingardi from Italy’s Bruno Leoni Institute.
As Alberto explains, the book is about how developments in both Hong Kong and Cuba were shaped by two individuals.
How important are key individuals in shaping the success or failure of economies?…
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Utopia, you are standing in it! 
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