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Freedom's Fall in Hong Kong

by Alvin Rabushkavia Analysis
Thursday, May 1, 1997

On July 1, 1997, the British Crown Colony of Hong Kong becomes the Hong Kong Special Administrative Region of the People's Republic of China. China has signed an international treaty with Britain and issued a Basic Law, or miniconstitution, for Hong Kong; these promise that Hong Kong can remain autonomous for fifty years after 1997, save in matters of security and diplomacy, and ensure that Hong Kong people will continue to enjoy their rights and freedoms under Hong Kong law.

China has made a mockery of these promises and guarantees. China has dissolved Hong Kong's duly elected Legislative Council and replaced it with a handpicked assembly. China has set up a mechanism that will nominate a new chief justice who will do China's bidding. China has scrapped or modified a number of existing laws, thereby rolling back Hong Kong's current civil liberties. China has placed editorial consultants inside leading Hong Kong newspapers. China has announced restrictions on press freedom, freedom of assembly, freedom of political parties to solicit funds, and freedom of demonstration. China has indicated that English education will be downgraded. And, in a marked departure from Hong Kong's level economic playing field, China's state-owned firms have acquired Hong Kong assets at substantial discount to market. These below-market acquisitions presage a new era of graft, cronyism, connections, and bribery for Hong Kong under Chinese rule.

One Nation Under God

by Barbara von der Heydtvia Policy Review
Thursday, May 1, 1997

Tough medicine for welfare moms

Take This Job and Love It

by Daniel Levinevia Policy Review
Thursday, May 1, 1997

Exposing the lies about low-paying work

Blessings of Liberty

by John Hoodvia Policy Review
Thursday, May 1, 1997

Productivity's boost to living standards

Abuses and Usurpations

by Michael Lynch, Blake Hurstvia Policy Review
Thursday, May 1, 1997

San Francisco's Chinese Wall When Saving Doesn't Pay

A Thatcherite Plan for Latin America

by David R. Hendersonvia Hoover Digest
Wednesday, April 30, 1997

After getting under way in the 1980s, the privatization movement in Latin America has stalled out. Hoover fellow David R. Henderson argues that it can still be jump-started-if Latin leaders do what Margaret did.

The Growing Gap between Rich and Poor

by Kenneth L. Juddvia Hoover Digest
Wednesday, April 30, 1997

Hoover fellow Kenneth L. Judd believes that income inequality in the United States has been growing for two decades—and argues that we ain't seen nothin' yet. Why the gap will widen—and what can be done about it.

An Economy Unbound

via Hoover Digest
Wednesday, April 30, 1997

The Boskin commission frees us from slavery to a flawed statistic-and permits us to see the "observable betterment of economic conditions in the United States." An accolade from the editors of the Wall Street Journal.

Two Types of Reforms (Serious and Not)

by Robert J. Barrovia Hoover Digest
Wednesday, April 30, 1997

A recent study divided fiscal reforms in a number of countries into two types. Type-one reforms were successful. They tended to cut spending. Type-two reforms were failures. They tended to raise taxes. Will President Clinton choose type one or type two? By Hoover fellow Robert J. Barro.

Why England Developed Healthy Markets-and Spain Didn't

by Douglass C. Northvia Hoover Digest
Wednesday, April 30, 1997

Over several centuries, England developed free markets-and a large cast of supporting institutions, including private property and an independent judiciary. During the same period, Spain failed to develop any such institutions, enduring economic stagnation instead. Why? It all started with some kings and queens who were short of funds. Nobel Prize-winner and Hoover fellow Douglass C. North explains.

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