Saturday, December 14, 2013

Privately Run Cities

What are Private Cities?  Private cities are cities that run a city just like a company, they have investors, their customers are the people who live on the land that the private city owns.  They set the rules and regulations of the land not government.  They typically are sanctioned by the government to have a separate entity by itself, meaning, if you are in the private city you must obey the rules of the city not necessarily the country’s laws and regulations.  The reason why countries want these privately held cities is that they would create jobs in six digit figures.

Why won’t the country change the laws to fit a better business environment?  It is mostly because of control and disagreement within the government body of the country, so, they set a plot of land that they give to private investors to create a city for them.  This means the government isn't able to carve out legislation that would able for them to become economically viable.  Which, is quite sad in some regards, due to the people that don’t want to change, but then again, it is kind of a libertarian stance that if people don’t want to change then let them not change.  It is libertarian not to force change upon people.  This is why property rights is very important issue.  Those who have the rights of the property, should have dominance over their property, unless it affects other property owners.

Is this idea viable in the states? No, not really because we as a society is very wealthy and our governmental system is kind of set up for this.  Instead of cities, it is states that do the bidding.  This is why Texas is expanding their economy due to their ease of business creation and expansion.  If I was going to start a business, one of the states would quite possibly be Texas to start.  It greatly depends on what I’m doing but in general I would be more willing to start one down in Texas than say Minnesota (the current state that I live in).

All in all, private cities are a good idea, especially for the countries that are struggling to create jobs.  I would enjoy if I had the money to have a property management firm, that would do something like this but it would have to be in the context of under the government not separate from government, just because it would be easier and faster to do, instead of trying to have a tax free zone.  That means I would have to get the Federal government involved, which could be messy.  I rather not deal with the Federal government more than I have to.

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