Economist Paul Romer proposes the creation of new "charter cities", taking uninhabited areas and creating new innovative charters for cities that avoid the burden of national regulations. Guantánamo Bay is an ideal location, he says. (VIDEO)
From the TED Talks introduction:
"Throughout human history, big improvements in systems of rules took place when new governments entered the scene. In today's world, this process has been largely shut down. To bring it back to life, Romer proposes that we create new cities where people can go to escape from bad rules and opt in to new and better ones. With better rules, people can be safe, self-interest can protect the environment, and investment can bring families all the resources that the modern world has to offer."
(VIDEO)
Thanks to Richard Florida
Read the full story: Paul Romer's radical idea: Charter cities
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