6/22/2008

Who is greedy?

The Secretary for Food and Health, Chow Yat-ngok York has done a great job to stage a multi billion-dollar buyout of Hong Kong's poultry industry in an historic move that may spell the end of the territory's live chicken trade. The proposed ban on keeping live chickens overnight and recalling of the live poultry licenses, to my opinion, are effective measures to control the deadly virus. The potential economic consequences would be huge if one day there is an outbreak in Hong Kong.

No matter what, the health of the Hong Kong citizens should be put in the first place. Given the virus strains could be changed rapidly, it is right for the Government to step up measures before the fatal virus find their ways to hit into the territory. I feel sympathy to those who worked in the poultry industry, but for the compensation amount of 3 bio demanded by the poultry industry were far too high to be accepted by the taxpayers.

It is hard to find a business in the world that the owners can only enjoy the upside profit while the downside losses are left to the others. It is totally unreasonable. For the three years compensation offered by the government, as far as I can see, is a very generous offer. For the demand of 3 bio is too greedy to be accepted.