Is Hong Kong Losing Its Grip On Freedom?
Posted
June 21, 2019
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2,038
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June 21, 2019
2,038
61
7
3.34%
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1:42Now PlayingRecently, about 2 million people flooded the streets of Hong Kong to protest a bill that would allow for the arrest and transfer of Hong Kong residents and foreign visitors to mainland China
with very little safeguards.
To give you a better idea of how huge this protest was, that’s about 1 in every 4 citizens of Hong Kong participating.
The fear is that citizens Hong Kong, or foreigners, including Americans and Taiwanese, could be extradited to China merely for political reasons.
That’s a big problem for business people, journalists and political dissidents and it’s the most pressing threat to the city’s independence and status as an international commercial center since its handover from Britain to China in 1997.
Did you know that Hong Kong is the actually the freest economy in the world. This position is partly based on its strong rule of law.
It should not jeopardize its status by allowing extradition of prisoners to China, where basic rights are not respected.
Hong Kong has stood alone for 25 years at the top of The Heritage Foundation’s annual Index of Economic Freedom.
The index scores 180 economies around the world in 12 categories of economic freedom related to the rule of law, regulatory efficiency, government size and the openness of markets.
But their score has been rapidly dwindling.
Wanna hear more about what at stake in Hong Kong? Check out the Heritage Explains podcast for a 10 minute explainer on the situation in Hong Kong and how this could be the beginning of the end of democracy for the territory.
You can find Heritage Explains on iTunes, Google Play, Spotify or wherever you get your podcasts.
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