Hong Kong is among the richest cities in the world. Yet over the past 15 years, living conditions for the average family have deteriorated. Successive governments have been reluctant to invest in services for the elderly, the disabled, the long-term sick, and the poor, while education has become more elitist. The political system has helped to entrench a mistaken consensus that social spending is a threat to financial stability. In this trenchant attack on government mismanagement, Leo Goodstadt traces how officials have created a 'new poverty' in Hong Kong and argues that their misguided...