Leung doesnt seem to understand that he needs Filipinos more that than they need his city. His economy rests on three pillars: overvalued real estate, overpaid bankers and exploited migrant workers -- many of them women from the Philippines. Removing the third pillar to score a cheap political point undermines the second one and thus complicates the first. The 160,000-strong Filipinos Leung would punish are in some ways the glue holding Hong Kongs business culture together. They are the maids, cooks and nannies who enable everyone from middle-class families to hedge fund managers to balance life and work. Remove them from the equation and the Hong Kong lifestyle as everyone knows it ends....
Posted on: Mon, 18 Nov 2013 01:00:16 +0000