Readers from myriad latitudes have been asking me about Hong Kong. They know it’s one of my previous homes. I developed a complex, multi-faceted relationship with Hong Kong ever since the 1997 handover, which I covered extensively. Right now, if you allow me, I’d rather cut to the chase.
Much to the distress of neocons and humanitarian imperialists, there won’t be a bloody mainland China crackdown on protesters in Hong Kong – a Tiananmen 2.0. Why? Because it’s not worth it.
Beijing has clearly identified the color revolution provocation inbuilt in the protests – with the NED excelling as CIA soft, facilitating the sprawl of fifth columnists even in the civil service.
There are other components, of course. The fact that Hong Kongers are right to be angry about what is a de facto Tycoon Club oligarchy controlling every nook and cranny of the economy. The local backlash against “the invasion of the mainlanders”. And the relentless cultural war of Cantonese vs. Beijing, north vs. south, province vs. political center.
What these protests have accelerated is Beijing’s conviction that Hong Kong is not worth its trust as a key node in China’s massive integration/development project. Beijing invested no less than $18.8 billion to build the Hong Kong-Zhuhai-Macau bridge, as part of the Greater Bay Area, to integrate Hong Kong with the mainland, not to snub it.
Now a bunch of useful idiots at least has graphically proven they don’t deserve any sort of preferential treatment anymore.
The big story in Hong Kong is not even the savage, counter-productive protests (imagine if this was in France, where Macron’s army is actually maiming and even killing Gilets Jaunes/Yellow Vests). The big story is the rot consuming HSBC – which has all the makings of the new Deutsche Bank scandal.
HSBC holds $2.6 trillion in assets and an intergalactic horde of cockroaches in their basement – asking serious questions about money laundering and dodgy deals operated by global turbo-capitalist elites.
In the end, Hong Kong will be left to its own internally corroding devices – slowly degrading to its final tawdry status as a Chinese Disneyland with a Western veneer. Shanghai is already in the process of being boosted as China’s top financial center.