Their interests range from banking to property, from shipping to sugar, from vice to gambling. 13 of the 50 richest families in the world are in South East Asia yet they are largely unknown outside confined business circles. Joe Studwell explosively lifts the lid on a world of staggering secrecy and shows that the little most people know is almost entirely wrong. 40 or 50 families control the economies of Hong Kong, Singapore, Thailand, the Philippines and Indonesia. And is it good news or bad for the places where they operate? Often this is because they control the press and television as well as everything else. How do they do it? What are their secrets?
Asian Godfathers: Money & Power in Hong Kong and South East Asia
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Should be press liable or not
Producers of mos goods a d services are co sidered worlds APAR from he press i ki d, o jus i degree. Holdi g producers i ordi ary marke s o ever higher s a dards of liabili y is see as PROCOMSUMER. Proposi g holdi g he press o a y s a dard of liabili y for poli ical i forma io is see as A IDEMOCRA IC. he press is co s i u io ally obliga ed o check o he gover me . Mos of policymakers jus ify legal liabili y for harms, caused by goods a d services a d qui e limi ed liabili y for harms, caused by i forma io . Liabili y for defec ive co sumer produc s is PREDICA ED o a marke failure. As for "u fair" producers, power of possible profi s PREVE co sumers from ra sla i g heir rue prefere ces for safe y a d quali y i o effec ive dema d. So, cus omer prefere ces remai ou side he safe y a d quali y decisio -maki g process of producers. oday, i 'll be a ew mecha ism o force producers o follow cus omers rue prefere ces. Lack of liabili y for defec ive or harmful poli ical i forma io ca be predica ed o ly o a differe ki d of supposed marke failure o a failure of he marke o SUPPLY he LEVEL of safe y ha cus omers wa bu i s failure o supply he amou of poli ical i forma io ha socie y should have.
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