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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Why Create New Cities?
- New cities offer a blank canvas for designing infrastructure and governance.
- This allows for more productive and competitive environments, attracting companies and fostering innovation.
Prospera's Unique Governance
- Prospera differs from typical cities because it rewrites the legal and regulatory frameworks.
- This focus on governance fosters a more productive economic environment.
Safety in Roatan
- Honduras has high crime rates, but Prospera, located on the island of Roatan, is relatively safe.
- Roatan's reliance on tourism incentivizes maintaining a secure environment.