Everyone's compiling textbooks, no fear of brainwashing education

The Hong Kong government is putting together a moral education book with the original intent of cultivating a common sense of being and establishing basic values in modern citizenship, so as to nurture a sense of giving to the home, society, country and the world in the next generation. However, in the eyes of the detractors, it is a propaganda campaign aimed at ‘brainwashing' the people. The article quoted a July 2012 thesis by SMU Assistant Professor of Economics Brishti Guha entitled “Who Will Monitor the Monitors? Informal Law Enforcement and Collusion at Champagne” , in which Assistant Prof Guha used economics models to illustrate in detail how market competition as well as the invisible hand can maintain market equilibrium and, to a large extent, minimise the vicious cycle brought about by moral risks. Trade associations or unions can represent the under-priviledged and can break the old equilibrium under the government-business alliance to build a new equilibrium and order in the market.