The Tom Woods Show
Ep. 2545 Capitalists Build Free City. NYT Has Panic Attack
Sep 19, 2024
Erick Brimen, CEO of Prospera, shares his visionary plans for free private cities aimed at fostering liberty and entrepreneurship. He elaborates on the unique Prospera Zade economic zone in Honduras, highlighting its innovative taxation and e-residency systems. The conversation dives into groundbreaking solutions for healthcare challenges, as well as the governance model inspired by classical liberalism that enhances citizen autonomy. Brimen also discusses navigating political sensitivities while promoting positive change and local talent development.
01:19:19
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Quick takeaways
- Prospera’s unique public-private partnership model enables it to operate autonomously under a flexible common law framework, reducing bureaucratic barriers for businesses.
- The project's straightforward taxation system aims to attract investment while also ensuring local government support, promoting economic growth and job creation in Honduras.
Deep dives
Introduction to Prospera
Prospera is a special economic zone in Honduras designed to implement free market principles and drive economic growth. This project operates under a unique regulatory environment separate from the broader legal framework of Honduras, allowing for entrepreneurial activities with minimal bureaucratic interference. Prospera aims to create a city-scale project that integrates modern infrastructure and an optimized legal system for stimulating business. Its development began in earnest in mid-2020, amidst the global pandemic, marking a significant step toward establishing a new economic model in the region.
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