Hong Kong’s divisive and fragmented political landscape provides the ideal condition for the proliferation of regulatory control. When the pressure on our government to spend more on housing, health care, and education is even greater than that in Singapore, and the Basic Law disallows deficit financing, then raising the regulatory burden is the only political solution available. Unfortunately, this will have far more damaging consequences on the economy. What is to be done? Can Hong Kong steer a path that allows it to fund the rising demand for public expenditures while promoting economic growth, so that the additional spending is economically affordable and politically feasible? That question will be addressed in this volume.