And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.
As I genuinely asked in my comment separately in the thread, what practical freedoms are being lost by the everyday person in Hong Kong that would not be considered crimes in the US (or Hong Kong prior to this), for example?
Hong Kong’s security law is going to devastate its economy
21–30 of 155 posts
Re: Hong Kong’s security law is going to devastate its economy
#22I read all these headlines, but when I then followup to read more about the text of the proposed laws [1], I have a hard time seeing that aside from freedom of speech infringements (and ability to imprison, fine based on those -- which are clearly a bit vague in terms of enforcement, but otherwise as bland as a lot of US legislation), these laws are not egregiously different from what exist in some other countries. A…
This law, if implemented fully, will effectively demolish the “one country, two systems” agreement, which has been the basis of Hong Kong’s stability and success for the last 23 years. The Beijing government is pulling out of their side of the deal they made in 1997. What will happen next is not something I can predict, but history shows us some of the things that can happen when communist parties impose their rule o…
Re: Hong Kong’s security law is going to devastate its economy
#23If anything, doesn't that strengthen China's hand? More reliance on the mainland for jobs and handouts, more protests and counter protests so they can justify additional crackdowns. Less westerners and less international firms, less exposure to the West. Feels like a calculated move.
Re: Hong Kong’s security law is going to devastate its economy
#24I read all these headlines, but when I then followup to read more about the text of the proposed laws [1], I have a hard time seeing that aside from freedom of speech infringements (and ability to imprison, fine based on those -- which are clearly a bit vague in terms of enforcement, but otherwise as bland as a lot of US legislation), these laws are not egregiously different from what exist in some other countries. A…
Re: Hong Kong’s security law is going to devastate its economy
#25And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.
As I genuinely asked in my comment separately in the thread, what practical freedoms are being lost by the everyday person in Hong Kong that would not be considered crimes in the US (or Hong Kong prior to this), for example?
Re: Hong Kong’s security law is going to devastate its economy
#26If anything, doesn't that strengthen China's hand? More reliance on the mainland for jobs and handouts, more protests and counter protests so they can justify additional crackdowns. Less westerners and less international firms, less exposure to the West. Feels like a calculated move.
That the US is announcing this now, means the context is already well past the tipping point. The US has been reluctant to go too far regarding Hong Kong, because of its importance to the rest of the global economy as a conduit into China's economy (a large share of all foreign direct investment into China goes through HK, and they depend on it as a large source of US Dollars to conduct trade with the rest of the world). This response is actually quite late, running from behind. The writing has been on the wall in extra large letters for several years now, for much of Xi's reign.
Re: Hong Kong’s security law is going to devastate its economy
#27Earlier quoted context omitted.
This law, if implemented fully, will effectively demolish the “one country, two systems” agreement, which has been the basis of Hong Kong’s stability and success for the last 23 years. The Beijing government is pulling out of their side of the deal they made in 1997. What will happen next is not something I can predict, but history shows us some of the things that can happen when communist parties impose their rule o…
But as I understand it, the "2 systems" has to do with economic and political governance. I see nothing in those laws about changing the financial or economic systems of the country that would lead businesses to gulp and say no thank you?
Under the Basic Law, Hong Kong has it’s own legal system, so there is no constitutionally acceptable way Beijing can “establish” new legal system to it’s liking. Perhaps the law is simply a threat, and they won’t take action, but if it is fully implemented, it means the end of the current legal system’s autonomy.
The vagueness of this law is a good example of how the PRC’s legal system is very open-ended compared to other countries, and allows for arbitrary action from China’s rulers.
Re: Hong Kong’s security law is going to devastate its economy
#28And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.
yeah, hopefully they just move to taiwan
Re: Hong Kong’s security law is going to devastate its economy
#29Re: Hong Kong’s security law is going to devastate its economy
#30And the real losers in this fight here are Hongkongese citizens, who fought for their freedom and ultimately are losing it, on top of facing an economic crisis.