Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Andrew Wan, a pro-democracy legislator, is arrested during a protest in Hong Kong, July 1. Photo: Yat Kai Yeung/NurPhoto via Getty Images

A new security law in Hong Kong is the latest blow to a globalist vision of the free movement of people, ideas and capital.

Why it matters: The law all but eliminates the civil rights that people in Hong Kong have exercised for years. But it also points the way to a more dangerous and divided world that will be increasingly defined by borders and nationality.

What's happening: At 11pm local time on June 30, the Chinese government released the details of a security law long in the works that effectively criminalizes pro-democracy protests in Hong Kong. It also gives Beijing wide latitude to treat Hong Kong citizens suspected of security violations with the same draconian approach used in mainland China.

  • After thousands took to the streets of Hong Kong to protest the law on July 1 — the 23rd anniversary of the city's transfer to Beijing's control — police arrested more than 300 people, including at least nine over new offenses created by the law.

Between the lines: While Hongkongers will be the first and primary victims of the law, its passage casts doubt on the future of the place that has long branded itself as "Asia's World City."

  • If globalization could be said to have a capital, it would have been Hong Kong — or more precisely, its gleaming international airport, used by 71.5 million passengers from around the world last year.
  • The city's freewheeling capitalism, and its location geographically inside but politically outside of China, made Hong Kong rich, with its per capita GDP rising from $429 in 1960 to nearly $50,000 in 2018.
  • More than that, Hong Kong was a place where East and West could mingle, home to a pungent press, and overseen by an independent judiciary and civil service that was internationally respected for its adherence to the rule of law.

Hong Kong's economic primacy declined after it returned to Beijing's control in 1997 and China itself began to open up to the rest of the world, but Hong Kong's value as a symbol of globalism only increased.

  • The hope of many in the West was that China would become more like Hong Kong and that the influence of global capitalism would lead Beijing to become politically more liberal over time.
  • This was globalization Hong Kong-style — economic and a growing degree of political freedom, and membership in a near-borderless world.

Yes, but: In truth, that vision only ever applied to a minority of actual Hongkongers, many of whom resented the city's extreme inequality and were all too aware that even under the British, Hong Kong had never been a real democracy.

  • These are the people who have taken to the streets off and on for 17 years, dating back to July 1, 2003, when half a million Hongkongers marched in opposition to proposed national security legislation — an early version of the law now being imposed on them.

The big picture: That free Hong Kong seems near death, as does the broader globalist vision the city represented.

  • Beijing, far from liberalizing, seems increasingly eager to impose its rules on the rest of the world. That includes the new security law, which explicitly applies beyond Hong Kong's borders and to non-Hong Kong residents, potentially making what was long an open city unsafe to anyone perceived as an enemy of Beijing.
  • Growing economic tensions between the U.S. and China have fractured free trade, and even the global internet is increasingly breaking down along national lines.
  • International borders that were once porous, like those between EU nations or the U.S. and Canada, have been shut because of the coronavirus, and it's far from clear when they will reopen.

The bottom line: Hong Kong was far from perfect and it was far from fully free. But at its best, it represented a hope for a brighter, more global future — a vision now dimmed by the old forces of nationalism and disease.

Go deeper

A screaming, spreading wake-up call

Drone's-eye view: Two people hold hands while walking through a mobile home park destroyed by fire Thursday in Phoenix, Ore. Photo: David Ryder/Getty Images

All the biggest threats to America — most of them predicted, if not known well in advance — are unfolding before our eyes, in real-time, in unmistakable ways.

Why it matters: It's as if God or the galaxy, or whatever you believe in, are screaming for politicians and the public to pop our bubbles and pay attention — believe our eyes.

Ben Geman, author of Generate
12 mins ago - Energy & Environment

White House moves against "super-pollutant" in climate fight

Photo: Kena Betancur/VIEWpress/Corbis via Getty Images

The EPA is finalizing rules today that cut powerful greenhouse gases used in air conditioning and refrigeration, part of a wider new White House strategy to deter these "super-pollutants" and boost manufacturing of substitutes.

Why it matters: The EPA regulation is the U.S. part of a planned global phase-down of chemicals called hydrofluorocarbons. The global phaseout can prevent up 0.5 °C of global warming by 2100, the White House said.

FBI report likely to show record increase in murders in 2020

Illustration: Aïda Amer/Axios

If the FBI data released next week shows what's expected — that 2020 saw the highest single-year spike in U.S. murders in at least six decades — experts say the sudden job losses, fears and other jolts to society at the start of COVID-19 will likely have been the overwhelming drivers.

Why it matters: Many Democrats already feared that rising crime could hurt their party in the 2022 midterms.

You’ve caught up. Now what?

Sign up for Mike Allen’s daily Axios AM and PM newsletters to get smarter, faster on the news that matters.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!