Clearer Thinking with Spencer Greenberg Creating a new city from scratch (with Erick Brimen)
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Feb 5, 2025 Erick Brimen, CEO of NeWay Capital and Honduras Próspera, shares insights into the creation of new cities in Honduras as special economic zones. He discusses the potential of private company governance to enhance economic growth while exploring the delicate balance between regulation and personal freedoms. The conversation highlights how innovative legal frameworks can attract investors and improve living standards. Erick also addresses public pushback and the implications of governance on urban development, revealing a blueprint for future city planning.
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Attracting Businesses
- Most companies in Prospera would not be in Honduras otherwise.
- They are drawn to Prospera's unique regulatory environment.
Medical Technology in Prospera
- Prospera's objective regulations allow medical technologies not yet approved elsewhere.
- Safety is maintained through informed consent, shared liability, and the option to choose existing regulatory frameworks.
Decentralized Enforcement
- Prospera offers a decentralized enforcement system, allowing residents to initiate arbitration for non-compliance.
- Loser-pays rules discourage frivolous lawsuits.