The administration says freedom cities are needed to help quell the national housing crisis. But others suggest that building new communities free from many state and federal laws and rules, like the Clean Water Act or the Endangered Species Act, is to create places that are, in effect, outside of the law — “where the rules are suspended and don’t apply anymore to certain people.” And if so, what does that mean for the rest of the country? “These are not normal times”“In normal times, I might say the idea that the US federal government would spearhead a program to build any number of master-planned cities is rather preposterous,” Max Woodworth, an associate professor in the geography department at Ohio State University, told Cointelegraph, adding: “But these are not normal times, and the current administration seems open to things that might previously have been dismissed, fairly or unfairly, as impossible or misguided.”Freedom cities have their critics.
How does one, in fact, explain the strong interest in freedom cities among some of the cryptocurrency community’s high-profile partisans? “The crypto community has been interested in new cities, charter cities and other innovative governance mechanisms for a long time,” Mason told Cointelegraph.“I think the common interest in decentralization drives a large part of this, but I also think the crypto community is passionate about innovation and building new things, so there’s natural alignment.”New vistas of innovation may tantalize both groups, “and they sense that existing institutional structures rooted in a 20th-century world hamper its potential,” opined Woodworth.“New cities, theoretically at least, might offer the prospect of designing a setting that can unleash the sector to discover where it can go in terms of innovation and new applications.”Bell added, “The crypto community doubtless sees in freedom cities the promise of a regulatory regime that at least is not overtly hostile to fintech innovation and that perhaps even welcomes it.
Something similar, if less extreme, is happening in other US cities today, a key reason why the Trump administration’s freedom cities initiative is gaining attention. Próspera’s island “paradise”By comparison, the overseas-based Próspera chartered-city project avoided many of those same regulatory and zoning problems that vexed California Forever thanks to a welcoming Honduras government — at least initially. The owners of Próspera, a Delaware Registered Company, persuaded Honduras to give them a 50-year lease and permission to build a startup city on the the island of Roatán with a regulatory system designed for entrepreneurs “to build better, cheaper, and faster than anywhere else in the world,” according to the for-profit company’s website.
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Author / Journalist: Cointelegraph by Andrew Singer
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