Will There Be A Libertarian City In Central America?
Dave Killion — September 11, 2012
“The seasteader-in-chief is headed ashore. Patri Friedman (that’s Milton Friedman’s grandson to you), who stepped down as the chief executive of the Peter Thiel-backed Seasteading Institute in August, has resurfaced as the CEO of a new for-profit enterprise named Future Cities Development Inc., which aims to create new cities from scratch (on land this time) governed by “cutting-edge legal systems.” The startup may have found its first taker in Honduras, whose government amended its constitution in January to permit the creation of special autonomous zones exempt from local and federal laws. Future Cities has signed a non-binding memorandum of understanding to build a city in one such zone starting next year.”
“Citing laissez-faire entrepots such as Hong Kong and Singapore as examples, the company’s founders believe that strong property rights and business-friendly regulation are key to creating jobs, stimulating investment, and lifting millions out of poverty, a la China’s special economic zones. “
This won’t just be an economically free city… since residency in the new cities will be voluntary, no one will be subject to regulations on behaviour to which they have not previously agreed. Competition between the three cities for good workers will help insure such regulation is not overly restrictive.
Having a libertarian personality at the forefront of one of these projects is an exciting and promising development. Stay tuned for further development on what continues to look like a Very Big Deal.
Disclaimer: The articles and opinions expressed here are the views of the writer and do not necessarily reflect the views and opinions of the Libertarian Book Club.