On Breakingviews – Capitalist amnesia is encouraging China’s hard line in Hong Kong, says petesweeneypro:
Protesters gather on a bike parking outside a metro station next to Hong Kong International Airport, in Hong Kong, China September 1, 2019. REUTERS/Danish Siddiqui
Examples of moral courage in the corporate world are few and far between. Saudi Arabia’s brutal assassination of journalist Jamal Khashoggi generated negative headlines and dampened enthusiasm for a Davos-style shindig in Riyadh, but that barely lasted. China’s own record – including the use of re-education centres in its Muslim Xinjiang region - has hardly scared off foreign cash.
None of that is encouraging for Hong Kong, where mainland media is suggesting red lines have already been crossed. Should Beijing find it necessary to use violence and coercion to clear the Chinese-run territory’s streets, as it did in Tiananmen Square in 1989, past experience may lead officials to believe the economic cost will be minimal.
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