James Delingpole writes in the Spectator
“There’s a book just out which everyone in the Conservative party ought to read: Architect of Prosperity by Neil Monnery. It’s the biography of one of the 20th century’s greatest unsung heroes, Sir John Cowperthwaite, the financial secretary in the British colonial administration whose determinedly low-tax, regulation-light, fiscally austere regime put Hong Kong on its path to prosperity.”
He laments
“The Hong Kong economic miracle was only a ‘miracle’ if you believe economies grow and people prosper through magic. But actually it’s much more basic than that. There’s a simple formula — low tax, light regulation, spending within your means — which works in theory and works in practice. What a pity that the Conservatives have such difficulty understanding it.”
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