on conglomerates in the faceless and leaderless 2019 pro-democracy movement in Hong
Kong. The scale, scope, and time span of these protests is unprecedented in the city and, at
the time of writing, there is no sign they will soon abate. Behind eye-catching scenes of black-
clad protesters filling the streets, a sea of light in assemblies, rounds and rounds of tear gas
fired by police, people covered in blood, and burning shops, is an emerging economic …