Yeah, sure, there's still a city there with that name. But the Hong Kong we knew is dead. What made Hong Kong what it was is dead.
Now white, professional westerners who lost control of China weep and gnash about their supposed moral superiority over China.
The mainland government want to keep it prosperous so will likely work to protect it from sanctions or international regulations.
If you’re a Russian oligarch it’s probably safer to keep your money in HK than Cayman or Switzerland these days. Even if you’re a petrostate sovereign wealth fund or non NATO central bank there’s some value in holding assets that can’t be frozen at will by the US treasury secretary.
You could argue that Signapaore and the UAE compete here but they have much more dependency on the west for security and diplomacy.
The EU is still debating after 3 years of war in Ukraine and weekly nuclear threats what to do with the Russian funds, let's be real, with the same situation in HK, the funds would have been seized within a week.
In summary, since 1997 it has for all intents and purposes been abandoned.
While that still puts in the ballpark of "top 5 cities", it's not quite the same (relative) prize as before.
Not saying I like what they did (I don't).
Then why would anyone agree to anything?
The only thing you can do about it is shaming them, sanctioning them, going to war if you really care, ...
(some obscure movie quote, probably Mark Twain or Lincoln)
It would have been better for Hong Kongers if they’d kept it, but alas here we are.
Pretty much. They are only as effective as the body trying to enforce it. The entire point of being a sovereign nation is nobody can force you to do anything. Now it is in a nation's self interest to not violate agreements and get along nicely, but sometimes the calculus changes and the punishment may not outweigh the benefits.
Everyone who advocates for basic human rights, as written in the UN's basic human rights charter, is considered a traitor, a threat to national "security", or a terrorist. They want absolutely obedient people who don't know about their own rights.
UN particapation is indeed varying level of compardour behavior, but also frequently not since you know even independant raprateurs go through filtering process frequently supported to host country to represent their geopolitical interests.
What is obviously traitorous, is shaking hands with ex head of CIA, we lie we cheat we steal Pompeo, during ongoing Sino-US geopolitical cold war, while advocating for sanctions on your own people. That's not obedience, that's treason. Like even fucking obedient people know having the right to commit treason, which Lai did, is retarded. A position an unforutnate amount of retarded HKers took to heart and frankly need to be reeducated out of.
The relevant points on the timeline, from China's perspective, are:
China: Stop selling opium in our country. UK: How about no? China: We're kicking out your drug dealers. UK: How about an Opium War? China: Oh crap, you have way more guns. We surrender. UK: OK We're taking HK for 100 years. China: I guess we don't have any say in the matter....
A few years later... China: We get HK back now, right? UK: Yeah but we've altered the terms. Take it or leave it. China: OK. I guess.
A few years later... China: Now we have more guns so here are the new terms. Take it or leave. UK: But our deal!!
He's facing life in prison right now, so this conviction puts everything on the line.
Glad to see this hitting the front page. I posted an article earlier with not much movement which was really worrying for the HK free thought movement; happy that this turned out to not be the case.
CBS just got taken over by the same cabal.
Amidst ICE grabbing people out of Home Depot parking lots in the US, China is just doing the same thing over there.
Do you think, were you to talk to Alexei now, you could convince him that his life fighting dictatorship wasn’t worth it?
GOLDSTEIN: China has not allowed more freedom of speech. Publications can still be shut down for criticizing the government. And yet, China has gotten richer. It started to develop its own financial center in Shanghai. Foreign money can now flow into China without going through Hong Kong, so the Chinese Communist Party doesn't need Hong Kong as much as it used to.
This has led to more and more tension between people in Hong Kong and the Chinese Communist Party, the Chinese government. In 2014, there was a fight over how to choose the government official who runs Hong Kong, and a million people in Hong Kong took to the streets to protest. Just last month, the government official who runs Hong Kong wanted to pass a new law that would allow people in Hong Kong to be extradited to China to stand trial. The people in Hong Kong said, we don't trust your mainland courts. Two million people protested in the streets, including, by the way, Jimmy Lai, who is now in his 70s.
What was it like? What was it like walking that day?
LAI: I was very excited - when you see so many people, you know, is fighting for a moral issue. We don't have guns. We don't have tanks. We don't have anything. The only thing we have the Chinese government don't is the moral authority we have, the moral courage we have.
GOLDSTEIN: The moral authority and courage, yeah.
LAI: Yes.
GOLDSTEIN: A few weeks later, on July 1, on the anniversary of Hong Kong's return to Chinese rule, protesters broke into the Hong Kong legislature buildings, smashed glass walls and spray-painted graffiti. Chinese leaders see these protesters and Jimmy Lai, for that matter, as agents for foreign influence - as, you know, basically latter-day colonialists. His house has been firebombed, and there was an assassination plot against him.
LAI: I stopped thinking about this because if I let the fear frighten me, I cannot go on, you know, because with what I have taken up, I have to sustain it. I will be the last to leave. That is like a captain who cannot jump the ship.
GOLDSTEIN: I mean, you're rich. You could leave if you wanted.
LAI: Yeah. If I'm rich but an a*hole...
GOLDSTEIN: (Laughter).
LAI: ...What my kids will think about me?
GOLDSTEIN: Yeah.
LAI: You know, being rich, you can be very poor...
GOLDSTEIN: Go on. Say more.
LAI: ...Because if you only have money, you lost the meaning, you lost the dignity, you lost everything as a human being. What else do you have?
Is it possible to get a fair trial if you're an enemy of the state? Well... what defines fair and just? In accordance with the will of the Chinese people? Or are we talking about Western standards?
In which country is it possible to get a fair trial if you're an enemy of the state, especially in today's climate?
Regardless, it's presumably all relative. At least there's certainly an ordering of states I'd rather have against me, as a person living in them. Maybe Sweden?
Or if you don't like the child murder analogy: suppose an FBI employee decided to betray the US to the Soviets out of money, not ideology (cue Robert Hanssen). The US is at this point in time still executing traitors to the state. They grab this Hanssen-type, send him to the electric chair (on faulty evidence or simply "vibes" of guilt), but later it turns out this person was really guilty. Was this process fair?
Maybe Sweden if relatively fairer, like you said. I suspect not. But even if it was relatively fair, what's with obsessing over Hong Kong and China if most of the world isn't fair?
Really it's just about the definition of fairness or justness though. I'm not really disagreeing because I'm not putting forward definitions of my own either, but a lot of the comments here throw out the terms with some assumed meaning. For example, I'm pretty sure if you polled Chinese people, they wouldn't have a problem with the OP story's outcome. So does that make it democratic? Or good as a point of public policy? It's all a bit hand-wavey without specifying.
> what's with obsessing over Hong Kong and China if most of the world isn't fair?
Well we (I'm assuming) both live in the West and so we encounter the exceptionalist narrative of this place. Certainly HN is a Western forum. Most views of China held by people in the West are based on partial truths and thought-terminating cliches.
But that's kind of just how _people_ are the world over, no? Chinese people in Chinese forums have a parallel experience to this, just mirrored.
There have been a few cases of Somalis for example even killing government police/military and them being found not guilty in xeer court and even the government respected the decision.
Like USA-standards, or past-Western standards. Currently USA's law is 'did you pay the president a bribe to be pardoned'. CCP looks positively enlightened compared to that.
What makes you ask a such question? Here are some bad ideas which comes to my mind:
* you think China is inferior?
* or maybe Chinese are inferior?
* maybe you think they always lie?
* or maybe they don't have laws?
* maybe plain old racism?
Forgive me, but your question sounds so bad. Counter question, did any of war criminals get a fair trial in the USA? (I am not listing countries they did war crimes, because there are too many)
Obviously, it is that a political opponent of the administration is facing life in prison seemingly for being an outspoken critic of the administration.
I also wouldn't call him outspoken critic either. For obvious reasons, the main one being a level of economic development unknown in human history, there isn't very much to criticize outside of politics. His gripe is solely political in that he believes that a different system of government is required (one assumes with more input from people like himself, again though he isn't a politician and, afaik, has no real political positions apart from supporting Trump and NY Post-style sensationalism/xenophobia, iirc they created a meme depicting mainlanders as locusts...it is quite funny to see people who, I can only assume, are not massive fans of Trump cream themselves over the Chinese equivalent).
The UK throwing a very big rock at a thin glass house.
I don’t agree with any such laws in any country, but I think it’s important to point out the hypocrisy here
And all that. We're all evil at one point or another, from someone's perspective.
Especially when it comes to China and Russia, people seem to think they're about as bad as the West when nothing could be further from the truth.
Maybe thats due to more people from the hard right haunting this place, or the general shift of the tech crowd to the right. I'm not sure what it is exactly.
That quote gets bent very far out of context. You could use it to justify any inaction under that interpretation, on the theory that you are not qualified to take it simply due to being imperfect.
Not sure where you get this from?
For me it means even "evil" people/countries can raise valid points, nothing more, nothing less.
Christ, we need more woodworking classes for kids on the tech path.
Christ, we really need reading comprehension classes and ideally poetry classes or something similar, since people are unable to read more than the actual characters today it seems... Seems extra problematic in software/programming circles, maybe we need to add arts classes to science programs too?
Well, I didn't, I referenced exactly what I wanted to reference. It's OK to go back into the cave now.
Can we not simply condemn that?
It's not whataboutism to point up the current messed up situation is not unrelated to the behavior of the UK, and their fingerprints are all over it. Of course things aren't static and new actors have changed the conversation, but this doesn't absolve them and they shouldn't be pointing fingers.
If you’re saying historically as an imperial power we’ve done terrible stuff we can all agree with that!
Since it fell from power, the UK does everything the US wants.
However, historically it set up a lot of bad things that happened in the Middle East, China, Africa, etc. The UK cannot untangle itself from it, "it's all in the past", because history is terribly influenced by things in the past, by definition.
One can also ask how HK ended up with English language and common law in the first place… though that wasn’t so recent.
Now you’re just condemning what you’ve already done. Why should anyone respect it? At some point you loose respect and eventually you just look confused.
Unfortunately, just like whataboutism can be a disingenuous rhetorical device, so is anti-whataboutism. Sometimes the comparison is relevant, sometimes it's not. In this case, I think it is.
Americans can never call out human rights abuses because of slavery. The British can never because of colonialism. Period. Forever.
If you find this line of argumentation compelling there’s no discussing anything with you.
There is nothing logically wrong with hypocrisy. I tell my toddlers not to do stuff I do all the time.
The problem with hypocrisy comes when one party is assumed to have more rights than the other. In this case, why would Britain (or the US's) government be allowed to be more corrupt than China's?
I assume Britain is brought up due to the British government's historic role in Hong Kong and China.
Sinking half a dozen ships in international waters is a crime.
Sanity would ask for intercepting those boats in your waters, and that's it, controlling what's in them, who are these people and send them in front of a court if they breached your law, on your soil (or waters).
Yet we are at the point nobody raises the voice where sinking civilian ships on the basis it's drug smugglers (without providing a proof, let alone the fact that even if it was true it's still insane) has any leftover of decency or justice.
Or calling for the annexation of Greenland and Panama by any means.
Or bombing Iran on the basis that it's developing nuclear weapons on behalf of the Israeli government (which is an act of war if Iran could wage it, the US does not get to decide who can have a nuclear weapon and who does not).
The list of breaches in decency or law is basically infinite.
Instead of letting more countries develop these weapons, we should work on denuclearizing all countries, starting with the US and Russia and their insane arsenals! And maybe build a unified international legal framework for civilian nuclear developments and applications from energy to medical outside of the "security council's" ferule!
A nuclear war cannot be won, thus never fought!
Not unilaterally by Israel calling the world's superpower for help.
Your logic is as sound as "since my neighbor makes something illegal at home, I'm gonna shoot him and then call my buddy sheriff for help". It is obviously illegal.
If the point in bringing up the hypocrisy is to end or distract the discussion, it is whataboutism. However, if the point is to compare two instances of a thing to make a point it’s fair game imo.
https://freespeechunion.org/police-make-30-arrests-a-day-for...
What's the solution? The alternative, where we can't criticize our governments on account of their hypocrisies and imperfections, robs citizens of their check against an institution with a monopoly on violence.
> Americans can never call out human rights abuses because of slavery. The British can never because of colonialism. Period. Forever.
There's certainly a difference between holding countries responsible for events that have long since ceased and holding a government responsible for double standards practiced presently. The UK lacks credibility on Hong Kong when its own citizens are being jailed on the basis of overbroad hate speech regulations and when its government agencies attempt to claim extraterritorial jurisdiction over the operation of foreign social media companies. Westminister can't be so empty-headed as to believe that its actions will go unnoticed by other governments.
-@dril, 2014
Bread and circuses. Everyone is comfortable and entertained to the point of drooling. They won't be leaving their cozy warm houses with TV and video games to do anything. Brain isn't built that way. If it were, there wouldn't be an obesity epidemic. It'll always be short-term rewards over long-term most of the time for most people.
On the other hand, none of this is sustainable in the long-run, so it'll all come crashing down and things will work out. We'll probably be dead long before then though. Gotta go through some rough shit first.
What if it was a fake all along and was just a facade and social media exposed it?
mass de-regulation, tax avoidance, effective end of anti-trust killed it
social media was just the tool-of-the-day to break democracy
- Network (1976)
Anywhere with any real government though, it's dead. My theory is the period of classical liberalism in the world was largely a result of the brief period where firearms were the main form of warfare, which represented a short period in history where violence was most decentralized and the government had the least leverage. Before that it was years to train archers or swordsman, after that fighter jets/ missiles / technology tilted back in power of government. In the golden era of the age of the firearm one person was basically one vote of violence (giving the populace the greater leverage); whereas before/after that time each vote was heavily weighted by a government actor.
I think the true decline begun earlier though, around the Thatcher-Reagan era, with the erosion of all kinds of state ownership and control of our economy and broad attacks on organised labour.
So if all the world is against the establishment, it only makes sense that shit holes become better places and better place become shit holes.
That's it I suspect that these moments can be quite fragile. Turkey was crashed, Georgia was crashed, Belarus was crashed, Russia was crashed, Ukraine is fighting generational war, Serbia is teetering, Bulgaria is on to something but its only a spark ATM. However, the crashed ones also did not stabilize, they just become brutal and visibly oppressed and IMHO anything still can happen.
It makes me sick that the UK sends billions to Ukraine to interfere in a war we have no fundamental right to involve ourselves in, meanwhile, Hong Kong was allowed to fall with only light media coverage. It is outrageous. The politicians that oversaw it should be ashamed.
Not to mention that Carrie Lam, former leader of Hong Kong, sold her people up the river by allowing the national security law in [3]. She was even hiding out in the UK with her husband from her own countrymen.
[1] https://en.wikipedia.org/wiki/One_country,_two_systems#Imple...
[2] https://en.wikipedia.org/wiki/One_country,_two_systems#2020_...
> Article 23 is an article of the Hong Kong Basic Law. It states that Hong Kong "shall enact laws on its own to prohibit any act of treason, secession, sedition, subversion against the Central People's Government, or theft of state secrets, to prohibit foreign political organizations or bodies from conducting political activities in the Region, and to prohibit political organizations or bodies of the Region from establishing ties with foreign political organizations or bodies."
And a plain reading of the Basic Law (Hong Kong's constitution) permits everything that's happened, and expecting the contrary seems like a coping mechanism. There are massive exemptions for Hong Kong's autonomy and deferrence to Beijing at Beijing's discretion, or by the Head of Hong Kong who is appointed by Beijing
I wasn't around for the handover so I'm largely exempt from the emotional marriage to an ideal Hong Kong residents and people affirming Hong Kong resident's feelings seem to have
The legislature wouldn't have to be consulted for the National Security Law to have been enacted, the article and seemingly all of the west seems to think that is a controversy when it isn't necessary
And then there is another layer where the structure of the legislature doesn't even match western ideals and wouldn't have made a difference. The legislature is 50% popular vote and 50% corporations. So even if 100% of the population voted for the same thing, they would only have 50% of the vote, and the corporations are all pro-Beijing by nature of being able to economically exist in that environment.
(Notably, the ancient City of London within London functions nearly the same way. Actually in an even more egregious way with the non-natural persons having a more extreme weighting of votes)
People act like a different founding document governs Hong Kong (Sino British joint declaration? Some comments by representatives), when it doesn't. People act like the governing document of Hong Kong was supposed to be ignored for 50 years, when something way different and way more integrated is supposed to happen at the end of the handover period.
I think there is zero path to the goals Hong Kong residents espouse and are used to. They’re imagining a different governing system than the one they live in, thats incompatible.
Game over. Do not pass go. Do not collect $200.
Its analogous to an American finding a piece of the Declaration of Independence to confirm their views after finding the US constitution too inconvenient. A pointless exercise, levels worse than even the Federalist papers.
From talking to friends and relatives from HK I've seen huge diversity in how people think about HK, China, their relationship with each other, Mandarin, Cantonese, food, and "the West".
There are certainly large groups of HKers who would prefer for HK to seced from China. There are also many HKers who love the UK and mourn the loss of HK to China.
There are also huge swathes of the population that chaffed at being colonized. Long time residents can show you the old police barracks where British troops would beat the locals in black bag operations. They'll tell you about how the feng shui of the Bank of China Tower lead to the collapse of the British empire. They'll tell you that they spent their lives paying taxes into a "democracy" they never got to vote in.
The opinions within HK are far more diverse than we make them out to be.
So, is Israel a democracy? I guess that depends on your definition of “democracy”, and also your definition of “Israel”.
This is simply not true. There are over 2 million Arab citizens in Israel, a full 21% of Israel's population. Another 4% are Bedouin.
I’m not sure if you even read my comment, but you certainly didn’t understand it.
Gaza is run by Hamas and the West Bank by Fatah. Israel does not "control [that] territory" it does not block "other particular ethnic/cultural groups from becoming citizens", nor does it "govern [it] by military law." Israel does not govern or occupy either territory.
[0]: https://www.britannica.com/event/Israels-disengagement-from-...
But that has nothing to do with the West Bank, which is where the accusation of apartheid is most credible.
This is, of course, why pro-Israel advocates always attempt to redirect the conversation to focus specifically on the Arab citizens of Israel within the Green Line when these matters are discussed.
Democracy for whom? Democracy to what end?
With respect to Iraq, it is true there was not a democracy there, but we did violate their self determination and installing an american viceroy is the opposite of democracy. Iraq had a welfare state that helped many citizens even if there were many features of the government I despise, but we destroyed it all and turned it into an experimental playground for American privatization efforts.
previously, these well funded democracy - regime agents would win in many places, but now the tables have turned - america now has a demagogue as president.
For China it would have made more sense long term to first "incorporate" Taiwan into their country and only after that start turning the screws on both Taiwan and Hong Kong.
JumpCrisscross•2h ago
embedding-shape•2h ago
simianparrot•2h ago
embedding-shape•2h ago
spankalee•2h ago
cafard•2h ago
JumpCrisscross•1h ago
America was a major force behind post-War decolonization. It was one of our terms of the European peace.
greedo•41m ago
dandellion•1h ago
mgfist•41m ago
FlyingBears•1h ago
oblio•2h ago
Based on military ranking:
#5 SK, #6 UK, #7 France, #8 Japan, #9 Turkey, #10 Italy, #11 Brazil, #12 Pakistan, #14 Germany, #15 Israel, #17 Spain, #18 Australia, and if it were allowed to, #20 Ukraine.
Based on economic power: I won't even bother, only China, India, Russia aren't US allies in the top 30 or so, by GDP.
The US was a world police but it wasn't alone. Yes, it was far bigger than all its allies taken separately, but those allies could more than double its power.
What the US is doing now is a tragedy that will unfold over many decades.
[1] Based on https://www.businessinsider.com/most-powerful-militaries-202... (if you have a better ranking, please link it).
mikkupikku•1h ago
This breaks down as soon as you stop looking at abstract rankings and dive into the specific logistic realities of force projection. France and to a lesser extent the UK are reasonably capable, but there's no math that adds up to anything approaching America's capabilities.
eszed•1h ago
So,
However, This has been true from the beginning, and I don't think was a nefarious plot, or even mistake, for most of the alliance's history. The further we get from the Cold War alignments within which NATO was created, however, the more difficult it has become to sustain.greedo•38m ago
pbhjpbhj•50m ago
Yes, all the European-aligned states you mention should currently be opposed to USA [or at least the fascist regime ruling it], because of the threats to Denmark/Greenland. UK, Aus should be particularly aligned against USA because of the threats to Canada (as part of the UK royalty's commonwealth).
Trusting the post-democracy, post-constitutional USA we find ourselves with is major folly. We might as well climb in bed with Russia.
renewiltord•1h ago
Workaccount2•53m ago
Even just a few days ago congress approved $800M in funding for Ukraine.
pbhjpbhj•47m ago
kenjackson•1h ago
pbhjpbhj•56m ago
tempest_•2h ago
A lot of the UK seems to be struggling with their loss of Empire even 80 years later.
They ran out of money, 2 world wars bankrupted them.
bilekas•1h ago
With the second war destroying a lot of the country and calling to rebuild at home. This is a fundamental difference with the US. I don't blame the UK for focusing at home for a while to rebuild.
vkou•1h ago
WW2 did not 'destroy' the UK. It wasn't subjected to any of the horrors of ground warfare, and the Blitz failed to inflict any meaningful damage on it.
What WW2 did destroy was the UK government's ability and will to finance the sort of repression that was necessary to maintain a globe-spanning empire. Churchill in his pigheaded hubris could scream from the rooftops about India forever remaining British, but Clement wasn't going to kill people over it.
(In contrast, France lost the ability, but not the will, which is why it fought a few wars in Vietnam and Algiers, instead of letting their colonial subjects have self-rule and independence sans bloodshed.)
bilekas•1h ago
c. 40,000[1]–43,000 civilians killed[2]
c. 46,000–139,000 injured[2] Two million houses damaged or destroyed (60 percent of these in London)
Sure.. Okay.. France was worse, France is also no longer a world influence it was once.
vkou•1h ago
> Sure.. Okay.. France was worse,
Don't look at Metropolitan France, two thirds of it got to sit the war out as a puppet state.
Look further east. How many houses were 'damaged or destroyed' in Germany, Poland, the USSR..?
This isn't a suffering Olympics, but compared to war expenditures, the cost of rebuilding the damage inflicted to the Isles was a rounding error. Those expenditures (and their associated debts) were what crippled Britain's ability to maintain an empire, not the cost of rebuilding.
---
[1] That sort of thing was a normal day over there. A normal one - not even a bad one.
bilekas•1h ago
My point is the UK decided to rebuild at home after significant damages in their capital city, and I agree with them.
A lot of EU was destroyed and had to rebuild, the US wasn't and was able to boom.
mikkupikku•13m ago
nradov•1h ago
fakedang•1h ago
Most of Europe has lower GDP per capita than the poorest states of the US, yet the lifestyle of European citizens in those countries is much better than the lifestyle of the poorest Americans. American growth is built on the backs of piss-poor healthcare, shoddy education and an overinflated perception of the tech sector which holds the rest of the world hostage (but not for long).
mgfist•45m ago
dangus•40m ago
Cost inflation isn't unique to the United States.
Europe isn't a single country.
> yet the lifestyle of European citizens in those countries is much better than the lifestyle of the poorest Americans
Does this include the Romani people? Does this include the Ukranians being attacked by Russia?
Greece's housing cost burden is higher than 30 US states. Not all regions in the USA have faced serious property cost pressures. [1] [2]
"Day to day stuff" is a very broad category, and that includes items that are flat or decreasing in cost. In that sense I will point out that VAT is much higher in the EU than sales tax in most US states, with VAT rates of >20% being very common while the highest combined sales tax in the USA is just over 10%. Sales tax/VAT is a very regressive tax that harms the poor the most. For someone on the poor end of the spectrum in Europe, buying something like a computer or television is a greater burden than someone in the US.
I'm reminded of the natural gas price spikes in 2022 in Europe, and of how the EU's average electricity price is about 2-3x higher than it is in the US. The US has an extremely stable supply of basic needs like energy and food.
Education costs have been flat or lower than the rate of inflation in the US since roughly 2016, so for the last 10 years the idea that education is becoming more expensive in the USA has been squarely false. [3]
Healthcare, I'll give you that one, the US is not faring well. But we can look at some systems in Europe having their own difficulties like the UK and Spain and it's not like healthcare isn't a challenge elsewhere. I will also point out that the US does have public healthcare for the poorest (Medicaid) and for all people over 65 years old (Medicare), and Medicare is a standout in quality among public healthcare systems in some outcome categories.
[1] https://www.visualcapitalist.com/europes-housing-cost-burden...
[2] https://www.americashealthrankings.org/explore/measures/cost...
[3] https://educationdata.org/college-tuition-inflation-rate
crimsoneer•1h ago
lo_zamoyski•1h ago
Really? Because IIRC, Britain has been steadily declining for over a century.
> The US recoevered from the 2008 crisis way better than everyone else, and nobody really understands why yet.
And Poland avoided the recession entirely.
DonHopkins•1h ago
skippyboxedhero•14m ago
The UK had a framework to liquidate financial institutions that was similar to the US, and this was deployed in early 2008 with Northern Rock and B&B. The end result was a multi-billion pound profit to the government.
Gordon Brown then decided that he needed to lead the global economy (and he has written, at the last count, two books which explain in significant detail that he was a thought leader and economic visionary through this period) by bailing out banks that were large employers in his constituency. With RBS, this involved investing at a very high valuation and then shutting down all the profitable parts of the bank, the loss was £20-30bn. With HBOS, he forced the only safe bank to acquire them, this resulted in the safe bank going bankrupt a year after the financial crisis ended in the US, and another multi-billion pound loss.
The US benefitted massively from having one of the most successful financial executives of the period, Hank Paulson, running the economy rather than (essentially) a random man from Edinburgh who have never had a job in the private sector (apart from law, obv) but held a seat with a huge number of constituents working at the banks he should have been shutting down (Brown himself had never worked in the private sector at all, parachuted into a safe seat after his doctorate). Geithner nearly suffered from that same fault, but did well with TARP (again though, iirc, this was Paulson's plan).
Workaccount2•58m ago
A country with a business friendly, low regulatory environment, coupled with a high work ethic and poor work/life balance, if nothing else, is not going to be a country that falls behind.
Americans complain a lot, and the system isn't that comfortable or respectful, but they aren't facing existential economic irrelevance.
9rx•47m ago
Quite the opposite. The US quickly recovered from 2008 thanks to tech. Tech that the rest of the world wasn't able to keep up with thanks to it being a heavily regulated environment (patents, copyright, etc.).
bpt3•4m ago
skippyboxedhero•25m ago
The UK choosing to shut down most of its native financial sector is a good example. With RBS it was particularly mad because the government ended up being a massive shareholder and then they chose to shut down all the profitable parts of the business, and double-down on the worst parts. Natwest rates franchise was probably worth £5bn, they basically shut the unit down in entirety (and a lot of those people went to large hedge funds and just went back to generating hundreds in millions in revenue) meaning that the taxpayer lost tens of billions AND the economy was knee-capped for decades.
This is taken as an example to show that even when the incentives were there, the government took a decision for nakedly political reasons. In the opposite direction, they folded HBOS into Lloyds, this was done to protect Scotland (both the PM and the Chancellor had a large number of constituents who would have lost their job if these banks were shut down...they were bailed out) and the result was Lloyds needing a bailout about one year after the banking crisis ended in the US. Again, this was sold to the public as the result of "risky casino bankers on huge bonuses"...in reality, it was just poorly paid commercial bankers lending very large amounts of money to people who couldn't ever it pay back AND politicians then making terrible choices with other people's money to boost their chances in some byelection no-one remembers.
This attitude permeates almost everything the UK does. Schools, politics first. Healthcare, politics first. Electricity, politics first.
I genuinely do not understand how anyone can't look at the scale of political intervention into the economy in the UK and not understand why this might lead to lower growth than the US. In Scotland, the government is 60% of the economy, this higher than Communist states with no legal private sector, it is an incredible number. If you look at income distribution, after-tax income under £100k is as flat or flatter than Communist states too, again this is incredible.
What is surprising is that the UK's economy is growing so quickly. The supply-side in most sectors is almost completely gone, in some economically-significant sectors you have regulators effectively managing companies, very few workers have economically useful skills because of the strong incentives in place to acquire non-economic skills...and the economy is still growing faster than most of Europe. To be fair, almost all of that immigration of low-skilled labour into the UK which is going to be absolute time-bomb financially and the rapid growth in public-sector pay has also helped consumption (even more so, the UK is running a deficit of 5% of GDP with revenues growing 4%/year in an economy that is shrinking in per capita terms...obviously, this is not sustainable)...but growth is still way higher than reason would dictate.
Comparing this to the US is not serious in any way. You have a country that prioritises growth beyond reason and are comparing that with a country which is hostile to change beyond reason. There is no possible comparison. The decisions every government since 1997 has made have been intended to reduce growth, people happily voted for this, and are now upset that the economy is shit...why?
evmar•1h ago
jjmarr•1h ago
belter•1h ago
Maybe you can afford Universal Health Care after all...
skirge•37m ago
MostlyStable•21m ago
I'm convinced that the federal government doing more and more things is the root cause if the increasing toxicity of American politics. The further removed a populace is from their representatives the less control they have and the worse they feel. Everything should always be done at the most local level that it is possible to do it. Some things have to be done at a relatively high level, but Americans have increasingly been jumping straight to "this is a job for the federal government" when very often state, or even city governments in some cases, would be perfectly capable.
mothballed•18m ago
However, the feds already siphon about as much tax as the populace can bear just on accomplishing what it is allowed to do, so there is basically nothing left for the states to implement these kind of measures.
MostlyStable•14m ago
You couldn't just have the states take over these responsibilities and have nothing else change. My suggestion is in fact a pretty radical change in how the US federal government works. I'm not under any illusion that this is likely to happen. The ratchet of power unfortunately only goes in one direction.
phantasmish•10m ago
bluebarbet•18m ago
mikkupikku•17m ago
bpt3•10m ago
Adding the rest of the population to the existing public insurance system would not cost much financially, but it would be a political catastrophe for whatever party implemented it if it didn't go well.
In short, I don't think anyone seriously argues the US can't afford universal health care, but the real and perceived risk of change is seen as too great politically.
sharkjacobs•54m ago
It's not surprising per se but it does put things in perspective that Texas has a bigger footprint than every country in Europe.
embedding-shape•12m ago
bpodgursky•49m ago
But there are many similar examples in agriculture, manufacturing, etc.
SilverElfin•38m ago
jimbob45•2h ago
mikkupikku•2h ago
On the books maybe. But for instance, America defines treason so narrowly that nobody has been convicted of it since WW2. Americans are free to sing praise of China, Russia, North Korea, whoever they like no matter how unjustified. Unless Congress has declared a war, which hasn't happened since WW2, you can talk as much smack about America or praise opposing regimes as much as you like.
waffleiron•1h ago
BurningFrog•52m ago
They gave the Soviets the atomic bomb designs, permanently changing the global power balance!
greedo•32m ago
BurningFrog•4m ago
The west could conceivably have liberated the Soviet block after WW2 and the post war world would have been a much better place, including a non communist China. That's my guess at least. Impossible to know, of course.
In reality, the Rosenberg documents wasn't very decisive. Stalin already had the Manhattan Project blueprints from Klaus Fuchs.
intalentive•41m ago
n4r9•1h ago
skippyboxedhero•1h ago
Also, if Lai genuinely believed (as I think he must have done) that the US was going to help in any way then he was delusional. In almost every case, "freedom" fighters end up relying on the resources of hostile foreign governments to continue their activities. There is no way that the US was going to offer anything other than a publicity stunt.
beepbooptheory•2h ago
colejhudson•55m ago
beepbooptheory•25m ago
GuinansEyebrows•2h ago
paganel•2h ago
mikkupikku•2h ago
netbioserror•53m ago
colejhudson•57m ago
As in the 20th century, it means to cultivate moral, and thereby political, opposition to imprisoning activists.
It’s a soft power the US has gradually lost.
HSO•2h ago
it was always BS
now everybody can see
thats the only difference
JumpCrisscross•1h ago
mytailorisrich•1h ago
"The colonial government used the Control of Publications Consolidation Ordinance (1951) to regulate publications and suppress freedom of the press. One notable case resulted in the suppression of the newspaper Ta Kung Pao for six months (later reduced to 12 days) for its criticism of the colonial government's deportation of the Federation of Trade Unions-backed fire relief organisation officials and use of live fire against protestors. Deportation was also used as a method to control politics in education. Lo Tong, a principal at a pro-Beijing, patriotic middle school, had been deported in 1950 for raising the People's Republic of China (PRC) flag and singing the national anthem at his school." [1]
Now of course we'd all prefer Western-style freedoms but the narrative on HK is highly skewed and hypocritical, with HK used as a pawn in the broader anti-China narrative.
Even Singapore isn't exactly rosy but it is a friend of the West so it's fine.
[1] https://en.wikipedia.org/wiki/Censorship_in_Hong_Kong
epolanski•1h ago
xbmcuser•1h ago
The current administration is overtly doing what was previously done covertly. Dictators are acceptable as long as it is politically convenient. One of the most recent cases is Pakistan, where the army has taken over, and EU and Commonwealth election monitors did not issue even election monitor report even after two years. Instead, they have facilitated the murder and killing of Pakistani civilians. But maybe Pakistanis are brown-skinned, so for them, democracy is not allowed.
Pakistan should be under sanctions, but it is not, as it is providing ammunition for Ukraine. That is the biggest problem of the West: their hypocrisy. They are calling for democracy in Hong Kong, as that serves their own agendas, but will say nothing about an apartheid state like Israel."
"Imran Khan, the former prime minister, has been jailed without trial for the last two-plus years and has been kept in solitary confinement for months out of those. How many newspapers mention it in the West or make it a news topic? But this Hong Kong (HK) Jimmy Lai conviction will be the headlines in most of the Western media a clear example of propaganda to rile up the population against China and socialism.
This is why I laugh when people here on Hacker News mention China's control of media and its propaganda, when the Western media is no better than them. At least many Chinese citizens know they are being propagandized against and can filter it out."
xyzal•1h ago
Democracy/liberalism/civil liberties etc. isn't 100% or not at all.
benmmurphy•43m ago
buellerbueller•1h ago
echelon_musk•45m ago
bryanlarsen•36m ago
better is a continuum across many dimensions. Therefore when you say "no better than" you're saying "worse than".
I'm not saying Western media is good, but it's really hard to argue that it's worse than the Chinese media, given the headline story above and our freedom to discuss it here and elsewhere.
Both can be bad, but one is more bad than the other.
calf•29m ago
lacy_tinpot•1h ago
It's the entrenchment of a particular kind of parasitic elite.
The logic that made them into "elites" has turned in on itself and is now self-cannibalizing.
The saving grace is only the capacity for the American people to see through this, but with the derangement of information pathways we're increasingly at the behest of these people and their narratives that only serve their aggrandizement.
All the talk about "saving the west" or "individualism" or the some other talk of spirit that these preachers sermon about, is only to serve themselves and no one else.
"Calling out evil" is another one of those victims to their self-serving motivations. Along with "climate change", "environmentalism", "democracy", "freedom", or a whole host of otherwise genuinely noble causes.
glenstein•1h ago
But I actually don't think it's that hard to understand that (1) the US has significantly compromised moral authority, but also (2) China bad and (3) there's important differences of scale of moral offense depending on what you are talking about. You can land a perfectly coherent point about, say, China's hostile takeover of Hong Kong being bad, it's military ramp up to seize Taiwan by 2027 being bad. But too often, I think bad faith actors will intentionally exploit the complexity to try and muddy the waters, and the only reason it seems like it's hard to articulate the distinction online is because of motivated performances.
Of course there Poe's law element too, which is that you should never underestimate the ability of people online becoming confused about politically charged topics, but in this case I think it's a bit of column a, a bit of column b synergistically amplifying one another.
erxam•1h ago
I guess it is, since it goes against American interests. I don't really know why everyone is crying for him, he knew exactly who he was playing for.
jandrese•1h ago
maxglute•1h ago
ngruhn•1h ago
glenstein•3m ago
The logic of whataboutism is fascinating, because as long as someone is deemed a bad enough actor, their statements have the effect of dynamically rewriting reality in real time to be the opposite of whatever Bad Actor says. Which, to my mind, gives them too much power. It's simpler to just believe in objective reality, believe that language works roughly according to a correspondence theory of truth and that statements are or are not legitimate on account of their corresponding to reality, which isn't something you can determine based on character alone.
But I admit on some level this might be a misunderstanding of whataboutism, because it's holding it to a standard of intellectual consistency that it's not aspiring to.
BurningFrog•44m ago
SilverElfin•39m ago
Also as a reminder, back in 1993 Richard Gere was banned from the Oscars for 20 years for advocating for Tibet (https://www.foxnews.com/media/richard-gere-speaks-out-nearly...). American institutions have been declining/corrupted for a lot longer than the current administration.
jameslk•39m ago
"City-upon-a-hill" is marketing and has never been grounded in fact. It’s hubris and arrogance. The US is viewed as that place if you get on the wrong side of, it will bomb you or replace your government through coercion. It outspends every country on "defense" to ensure this.
History is littered with plenty of examples where the US favored a more authoritarian or "evil" government over less, sometimes even installing them. Arab Spring is a recent example where you saw governments replaced with the US' help, while leaving some notable monarchies alone.
In reality, the US employs its foreign policy for its own interests. It’s always been like that.
epistasis•27m ago
That said, the US doesn't need to be perfect to still be an example of providing freedom for its own citizens.
jameslk•12m ago
0. https://en.wikipedia.org/wiki/2011_military_intervention_in_...
epistasis•5m ago
> On 19 March 2011, a NATO-led coalition began a military intervention into the ongoing Libyan Civil War to implement United Nations Security Council Resolution 1973 (UNSCR 1973).
Compared to the South America stuff, this is saintly and angelic behavior helping out the world in every way. It's not the US alone, it's a coalition that expands beyond NATO, there's a UN resolution...
In fact bringing this up as a "bad behavior" example proves just how much of a shining city on a hill the US has been around the world. It's been bad, but it's also done lots of good stuff.
elektrontamer•1m ago
Sometimes I'm not even sure it's for it's own interests.