Hong Kong is having a leadership crisis

(CNN)The late Chinese Communist leader, Deng Xiaoping, promised comrades and patriots that even after the 1997 handover of Hong Kong to China, “horses will still run, stocks will still sizzle and dancers will still dance” in the free-wheeling territory. Hong Kong needs to be saved, and, while the glide path out of the crisis is uncertain, there are immediate steps — beyond the withdrawal of the extradition bill — that can be taken to cool down the protesters to the point that they will leave the streets. As the city’s South China Morning Post wrote last week in an editorial, withdrawal of the extradition bill “is only (the) first step on road to reconciliation in Hong Kong.” That sentiment was …