Wednesday, September 5, 2012

Honduras to Establish Three Self-governed, Self-taxed Private Cities

And Americans brag "The States are Laboratories of Democracy". Ha!
From Newscorp's flagship:

Honduras deal to set up 3 private cities
THE government of Honduras has signed a deal to hand over land to private investors for the construction of three privately-run cities with their own legal and tax systems.  
The memorandum of agreement signed on Tuesday is part of a controversial experiment meant to bring badly needed economic growth to the country....MORE
HT: Reason 24/7