Skip to comments.The Politically Incorrect Guide to Ending Poverty
Posted on 06/16/2010 1:06:33 PM PDT by LibWhacker
In the 1990s, Paul Romer revolutionized economics. In the aughts, he became rich as a software entrepreneur. Now hes trying to help the poorest countries grow richby convincing them to establish foreign-run charter cities within their borders. Romers idea is unconventional, even neo-colonialthe best analogy is Britains historic lease of Hong Kong. And against all odds, he just might make it happen.
Halfway through the 12th century, and a long time before economists began pondering how to turn poor places into rich ones, the Germanic prince Henry the Lion set out to create a merchants mecca on the lawless Baltic coast. It was an ambitious project, a bit like trying to build a new Chicago in modern Congo or Iraq. Northern Germany was plagued by what todays development gurus might delicately call a bad-governance equilibrium, its townships frequently sacked by Slavic marauders such as the formidable pirate Niclot the Obotrite. But Henry was not a mouse. He seized control of a fledgling town called Lübeck, had Niclot beheaded on the battlefield, and arranged for Lübeck to become the seat of a diocese. A grand rectangular market was laid out at the center of the town; all that was missing was the merchants.
To attract that missing ingredient to his city, Henry hit on an idea that has enjoyed a sort of comeback lately. He devised a charter for Lübeck, a set of most honorable civic rights, calculating that a city with light regulation and fair laws would attract investment easily. The stultifying feudal hierarchy was cast aside; an autonomous council of local burgesses would govern Lübeck. Onerous taxes and trade restrictions were ruled out; merchants who settled in Lübeck would be exempt from duties and customs throughout Henry the Lions lands, which stretched south as far as Bavaria.
(Excerpt) Read more at theatlantic.com ...
Wasn’t this tried in RoboCop?
The Germanic Princes always viewed the Blatic Coast as “lawless”: ie: Germans are not in charge and telling Slavs and Balts what to do. I doubt the people of the thriving cities and towns there felt a need for Germanic lawfulness. In fact the invasions of these areas are called “The Nothern Crusades” by historians. Christianity was imposed on the “northern pagans” on the baltic coast. Henry liked crusading: he also participated in the 3rd crusade to recapture the Holy Lands from Saladin.
Colonialism might be a good idea for a bunch of the third world.
Now that's a great idea. Send all the Chicago mob--Baraq Hussein Obama, Rahm Emanuel, Billie Ayers, etc.--to the Third World. They hate America and the West anyway; let them "organize" the Congo.
***the best analogy is Britains historic lease of Hong Kong. And against all odds, he just might make it happen.***
Might want to look at what happened to Macau and Goa first.
I found this interesting when I read it the other day. I was fascinated in that the libtards are interested in “ending poverty” in other nations, but not in the U.S.
I truly enjoyed this article, thanks for posting it.
~ Ben Franklin
3. Spend Wisely
Henry was essentially a very rich individual in the context of what he did. He had no bureaucracy or entrenched gimme interests to sway him or that had to be included for political survival. Henry does not live in this world any more.
If we can’t make one of these work in California, first, we won’t be able to make it work anywhere else. :)
4. End welfare.
Step back and watch the fireworks.
I disagree...third world countries don’t have the infrastructure in the first place. They are perfect petri dishes, while California is beyond it’s limits in terms of governance. Dismantling the systems some of the states have set in place, will take years. Better to start somewhere they don’t have the means to build as many walls.
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