In July, 1997, the United Kingdom returned control of Hong Kong back to the People’s Republic of China. Now, under the influence of the Communist Chinese, Hong Kong has surpassed the United States in economic freedom. Hong Kong is now number one in economic freedom and America is ranked tenth, according to a Heritage Foundation study, which is examined at HotAir.com.
Back on September 9, 2008, Glenn Beck stated on his now defunct CNN television program that, “We are now more Communist than China,” and, “both sides [Democrats and Republicans] are running toward bigger government. We’re practically the Soviet Union.” Beck was correct. Today there is greater economic freedom in Hong Kong under the control of the Communist Chinese than in Soviet America, which is under the control of pro-Communist and Communist-like forces.
As a Constitutional Republic, Sovereign America was at the top of the list. We were the envy of the world, and freedom-loving people around the world wanted to enjoy the prosperity of the American middle class. However, as William Z. Foster stated in his 1932 book, Toward Soviet America, capitalist America must be deconstructed and replaced with a Soviet America.
If alive today, Foster would be proud to see that the builders of Soviet America have succeeded in dropping America from first place to tenth place in economic freedom. He would be ecstatic to see that people are now renouncing their citizenship and escaping from Soviet America and relocating to nations with greater economic freedom. Yes, the Left is winning!
Thomas Jefferson said, “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.” Take a quick glance at the U.S. national debt and other financial information by reviewing the U.S. National Debt Clock, which displays “real time” data. Now ask yourself, How successful have “We The People” been in preventing the government “from wasting the labors of the people under the pretense of taking care of them?”
Margaret Thatcher, the former Prime Minister of the United Kingdom, was correct when she boldly stated that, “There can be no liberty unless there is economic liberty!” Click Here to see one of the ways we are losing our economic liberty!
Clearly, Americans are losing their economic liberty – at a frightening pace!