October 9, 1970, page 116.
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I must confess my distaste for any proposal to use public funds for the support of selected, and thereby, privileged, industrialists, the more particularly if this is to be based on bureaucratic views of what is good and what is bad by way of industrial development, but I have been studying the report referred to with some interest.
— John James Cowperthwaite
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "I must confess my distaste for any proposal to use public funds for the support of selected, and thereby, privileged, industrialists, the more particularly if this is to be based on bureaucratic views of what is good and what is bad by way of industrial development, but I have been studying the report referred to with some interest." in the context of "October 9, 1970, page 116." to mean that wisdom is timeless.
Source: Wikiquote: "John James Cowperthwaite" (Sourced, Official Report of Proceedings of the Hong Kong Legislative Council)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About John James Cowperthwaite
Sir John James Cowperthwaite KBE CMG (25 April 1915 – 21 January 2006) was a British civil servant and the Financial Secretary of Hong Kong from 1961 to 1971. His free market policies of positive non-interventionism are widely credited with turning post-war Hong Kong into a thriving global financial center.
About John James Cowperthwaite
Sir John James Cowperthwaite KBE CMG (25 April 1915 – 21 January 2006) was a British civil servant and the Financial Secretary of Hong Kong from 1961 to 1971. His free market policies of positive non-interventionism are widely credited with turning post-war Hong Kong into a thriving global financial center.
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