Hong Kong's pro-democracy movement misses the real threats to Hong Kong's future. While tens of thousands of protesters led by students have taken to the streets demanding electoral reform, most of the city's 7.2 million residents have shied away. Universal suffrage deserves public support, but the gradual erosion of rule of law and free speech poses a greater threat to the city's prosperity. It's unlikely these concerns can unite the city in open confrontation with Beijing.
Despite the large turnout, student-led protests have failed to attract participation from the rest of the city. One reason may be pragmatism. China's rejection of public nomination of candidates for the 2017 chief executive election is largely interpreted as a U-turn on Beijing's commitment to the Basic Law, Hong Kong's quasi-constitution. But for many, what's proposed is still better than nothing - and may even be a pilot for deeper reforms in the mainland itself.
Fear is a factor too. There is a genuine concern that a heavy-handed crackdown from Beijing is imminent should things escalate. Hong Kong's leader has had to publically reassure the city that deploying the People's Liberation Army forces, stationed in Hong Kong, is unnecessary. Comparisons with the Tiananmen Square demonstrations 25 years ago, which the authorities also tried to wait out until finally losing patience, further reinforce these anxieties.
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Erosion of rule of law and creeping censorship have far-reaching consequences on individuals and businesses. Even so, unlike an election fixed for 2017, these are gradual and granular processes. They progress by individual cases, and personal encounters, which makes them unlikely to bring the majority onto the streets. The Occupy movement has shown the world that peaceful protest is possible. It may not have changed Hong Kong's destiny.
