Hong Kong's end of history

Now that the mainland's decision on Hong Kong's version of democracy has finally been rendered, its consequences will reveal themselves in the inherent ifs, errors and commitments over time, which will be the ingredients of high drama and tragic history.

Whether most Hong Kong people know it, all the great promises and words were cancelled for this generation. Beijing cannot countenance any election system that disturbs the oligarchy of tycoons it has consigned the city and its people to.

The outcome has long-term ramifications for Hong Kong's society, business and economy. The city has arrived at a political and socioeconomic inflection point. Whether its residents realise it, Hong Kong has reached its own version of the end of history. Its political development is no longer exceptional; it cannot exceed the mainland's own pace. And that has changed everything.

Average citizens do not debate about what constitutes a democratic election system, but rather the inability of our government to deliver real improvements in the city's quality of life. Important problems like property prices, education and economic cartels may never be tackled in what has become Putin-style oligarchy. In the past, emigration from the city was driven out of fear of the unknown. Now, it will be driven by fear of the known.