Stephan Livera Podcast
SLP464 Can Free Private Cities Make the World Dramatically Richer? with Erick Brimen CEO of Prospera
Mar 8, 2023
Erick Brimen, CEO of Prospera and a proponent of free private cities, discusses how these innovative governance models could generate an astonishing $100-200 trillion in global wealth. He delves into the dynamics of living together and historical precedents for this model. Brimen highlights the critical links between governance quality and economic growth, using Venezuela as a cautionary tale. He also talks about Prospera's unique governance structure, its role in Bitcoin adoption, and how it aims to foster real estate development and community-driven economies.
01:17:49
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Quick takeaways
- Privatized governance could significantly increase global wealth by addressing systemic issues that hinder economic opportunities.
- Successful governance relies on established rules, justice, and security, which empower individuals and foster a conducive environment for investment.
Deep dives
The Potential of Privatized Governance
Privatized governance could lead to increased prosperity by addressing the systemic issues associated with traditional government structures. The vast market for governance as a service has a potential worth between $100 trillion and $200 trillion annually due to poor governance worldwide. Improving governance systems can unlock untapped individual potential, facilitating economic growth and opportunities. The example of poorly governed countries, where citizens lack access to essential services and opportunities, illustrates the drastic differences in wealth that can arise from governance quality.
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