Honduran president Porfirio Lobo came to power in a military coup and presides over the most murderous nation on earth. Now he has announced hastily assembled plans to desginate a region in his country to be a "charter city," owned and operated by offshore corporations, a plan inspired by a Chicago-trained economist called Paul Romer from NYU's business-school. The city will have all its laws -- labor laws, environmental laws, criminal codes, civil codes -- set by a private corporation that is unaccountable to anyone except its shareholders, to whom it will owe a duty of maximum profit. Honduran activists have attempted unsuccessfully to have the nation's supreme court hear their case, which rests on the legality of ceding governance over sovereign territory to foreign powers, and on indigenous land claims.
Critics say it will allow a foreign elite to set up a low-tax, sympathetically regulated enclave where they can skirt labour standards and environmental rules.
"This would violate the rights of every citizen because it means the cession of part of our territory to a city that would have its own police, its own juridical power, and its own tax system," said Sandra Marybel Sanchez, who joined a group of protesters who tried to lodge an appeal at the supreme court.
Ismael Moreno, a correspondent for the leftwing Nicaraguan magazine Envio, compared the charter cities to the banana enclaves, which were run on behalf of a foreign elite. He also spelled out the environmental risks, particularly if one of the development sites is the Sico valley, an area of virgin forest on the Mosquito Coast.
"This model city would end up eliminating the last agricultural frontier left to us," he wrote.
Chicago's economists have a grand tradition of helping military dictators establish unregulated zones where human rights take a backseat to profit, including their enormous contributions to Augusto Pinochet's murderous regime, which established the fundamental kinship between high profits and death squads.
Honduras to build new city with its own laws and tax system to attract investors [The Guardian]
'Catastrophe': Critics Slam Neoliberal Plan for Privatized Cities in Honduras [CommonDreams]
Uganda is so poor that few can afford medical care, giving it one of the lowest life-expectancies on the planet — this toxic combination made the country ripe for infiltration by Tiens, a Chinese Multi-Level-Marketing “nutritional supplements” cult whose members set up fake medical clinics that diagnose fake ailments and proscribe fake medicines, then rope […]
Yahoo’s sale to Verizon means that Yahoo’s sub-companies — Flickr, Tumblr and a host of others — are now divisions of a phone company, and as you might expect, being on the payroll of a notorious neutracidal maniac with a long history of sleazy, invasive, privacy-destroying, monopolistic, deceptive, anti-competitive, scumbag shakedowns has changed the public […]
What was last week posed as an indefinite leave of absence is now for good: Travis Kalanick, CEO of scandal-wracked rideshare company Uber, announced that he is leaving the company. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to […]
Although flagship smartphones are unlikely to adopt heavy-duty outer casing anytime soon, you can always prepare your device for the outdoors with a beefy case and and an external battery like this Nomad Tile Trackable PowerPack, available in the Boing Boing Store for $119.95.The Nomad Tile can fully recharge an iPhone 7 over three times […]
Even though credit cards now feature an EMV chip for securing transactions, they still have to include the magnetic strip for compatibility with older point of sale systems. Because of this, there’s no way for the chip’s new security capabilities to protect against card skimmers in the wild.How do you protect yourself from legacy-technology-induced fraud? […]
As the old saying goes, “You should sit in meditation for 30 minutes every day. Unless you are too busy, in which case you should meditate for an hour.” Since most of us have an endless list of things to do and people to see, carving out quiet time can feel impossible, especially when most […]