In the last thread there was a discussion about history. It is certainly wise to consult history but how to do a close reading? Lichanos suggests "the history of crisis and revolution is discouraging" but is that a total overview? Can we make such grand conclusions? And even with perfect knowledge, how to factor in contingency, that which now exists that never has previously? Why is this crisis different that 1939? Why can you "never go home"? Why might FDR and the New Deal be an imperfect guide? Can the past be repeated?
The Chicago Boys never stop trying, because as with all religious zealots, failure only inspires them to greater heights. Here I am referring to graduates of the U. of Chicago school of economics, which, much like the Mormons, sends it's missionaries out into the world to convert the heathens to the God of laissez faire.
Their history goes way back, in terms of influence, but these libertarians might best be remembered for their intervention in favor of Pinochet in Chile. They are always, much like me, hoping to transform their utopian imaginary into a concrete example, but unlike me they are more than willing to kill to achieve it. Here is a report via Balloon Juice via Phronesisiacal about their latest project:
No taxes and land along the coast? What’s not to like?
Small government and free-market capitalism are about to get put to the test in Honduras, where the government has agreed to let an investment group build an experimental city with no taxes on income, capital gains or sales.
Proponents say the tiny, as-yet unnamed town will become a Central American beacon of job creation and investment, by combining secure property rights with minimal government interference.
“Once we provide a sound legal system within which to do business, the whole job creation machine – the miracle of capitalism – will get going,” Michael Strong, CEO of the MKG Group, which will build the city and set its laws, told FoxNews.com….
The laws in the city will be separate from those in the rest of Honduras. Strong said that the default law that will be enforced in the city will actually be based on Texas state law, which has relatively few regulations.
“It will be Texas law with more freedom of contract. Texas scores well on state economic freedom rankings,” he explained…
MKG will invest $15 million to begin building basic infrastructure for the first model city near Puerto Castilla on the Caribbean coast, said Juan Hernandez, president of the Honduran Congress. That first city would create 5,000 jobs over the next six months and up to 200,000 jobs in the future, Hernandez said…
Texas meets Singapore meets John Galt thanks to a convenient coup and a little Shock Doctrine magic. I am picturing small town Disneyland with a statue of Ayn Rand in the main square. At the corner of Friedman Street and Greenspan Ave. you'll find the child slave market...