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]
Michael Geist writes, “The global music industry has spent two decades lobbying for restrictive DMCA-style restrictions on digital locks. These so-called “anti-circumvention rules” have been actively opposed by many groups, but the copyright lobby claims that they are needed to comply with the World Intellectual Property Organization’s Internet treaties. Now the head of the RIAA […]
The smirking, villainous pharma-hedge-douche-bro Martin Shkreli (previously) bought the rights to the anti-parasitic drug Daraprim — used to treat malaria, a disease that disproportionately affects the poorest people in the world — and jacked the price from $13.50/dose to $750/dose.
A ransomware criminal’s self-reproducing malicious software spread through a critical network used by the San Francisco light rail system, AKA the Muni, and shut it down; the anonymous criminal — firstname.lastname@example.org — says they won’t give it back until they get paid.
Loot Crate is a totally different kind of subscription service that mails subscribers monthly boxes filled with curated geek, pop culture, and gamer paraphernalia. Its cult following awaits a box every month filled with everything from bobble heads to T-shirts to special edition collectibles. But nothing gets Loot Crate fans as excited as the limited […]
The ARMOR-X Mini Flexible Phone Tripod is a smartphone tripod that is designed with flexible legs to rest on virtually any type of surface. Other tripods have proved useless unless I conveniently have a flat surface in front of me, which is why this particular tripod was appealing enough to try out. The ARMOR-X is compact and easy […]
You don’t need to get an advanced degree and take out massive loans to become a coder. This bundle of 10 courses was designed to teach anyone to code at home for less than it costs to go out for dinner. I was particularly impressed with this new 2017 bundle because it includes courses on […]