Second-Freest Economy? Hong Kong’s Invisible Hand is the Communist Party

Hong Kong has been knocked off its 50-year perch as the freest economy in the world, according to the Fraser Institute’s 2023 Economic Freedom Index. Yet how does a city where the invisible hand belongs to the Chinese Communist Party possibly still rank in the top two?

Hong Kong centre commercial Image: Enric Rubio Ros, CC BY 2.0