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Does Mexico have any social programs? Which place is a more free market economy Mexico or Hong Kong? - Printable Version

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Does Mexico have any social programs? Which place is a more free market economy Mexico or Hong Kong? - 177 - 02-28-2014 01:16 PM

Well I have heard that Hong Kong is supposedly the most fee-market economy in the world, but I think Mexico is also very free market (in good and bad ways),

because, over there yes it is actually a bit easier to start a business in Mexico since you dont need a permit there to sell fruit or pots and pans, or toys, and other things out in the streets, they have very little to NOTHING in social programs/help. I have NEVER heard of any social programs like Social security, retirement, pensions, civil rights for workers, I don't even think they HAVE a federal minimum wage. (USA's is $7/hr)

Does Hong Kong have any social programs? like retirement? Social security? etc. I know not like US, but ANY form of socialism there?
ANYBODY KNOW anything about Mexico or Hong Kong?


- Savetheworld - 02-28-2014 01:21 PM

Hong Kong is certainly a more free market economy than Mexico.


- simplicitus - 02-28-2014 01:23 PM

ROTFL

Boy are you worried about the wrong things.

The most free-market economy in the world is Somalia. The government there is so weak it can't do anything. The result, of course, is a completely free and completely chaotic market that no one wants to work with. No one in his right mind really wants a free market economy. All developed countries have mixed economies for good reasons.
http://en.wikipedia.org/wiki/Mixed_economy

Between the two you mentioned, Hong Kong is a much easier place to start a business.
http://www.doingbusiness.org/EconomyRankings/

But maybe you should learn to do web searches so you can find this out for yourself?

A search on "most open economy" gave:
http://www.tax-news.com/archive/story/Hong_Kong_Remains_The_Worlds_Most_Open_Economy_According_To_Survey_xxxx14704.htm​l

You might want to try "competitive economy":
http://www.msnbc.msn.com/id/32730736/

A search on "corruption index by country" gave:
http://www.infoplease.com/world/statistics/2008-transparency-international-corruption-perceptions.html

You are going to need money to fund your company; which place has better banks?
http://en.wikipedia.org/wiki/List_of_banks_in_Hong_Kong
http://www.mexonline.com/banks.htm

etc.