
“In 1927, the American industrialist Henry Ford began building a private city—Fordlandia—in the depths of the Brazilian Amazon forest. His company had won title to nearly 2.5 million acres of land—over 3,800 square miles—for a planned rubber plantation and company town. Ford spent over $20 million (about $300 million in today’s dollars) putting in roads, water and power systems, rail lines, factories, offices, medical facilities, homes, schools, and stores. Thousands of workers and their families flocked to Fordlandia. Soon, however, waves of rioting, looting, and burning roiled the city. Ford abandoned his namesake in 1945, leaving it to rot in the jungle.”
http://www.fee.org/the_freeman/detail/fordlandia-henry-fords-amazon-dystopia
Related posts:
Harvard's Rogoff: Next Fed Chief Must Have 'Tolerance for Inflation'
City Wants Power to "Disarm Individuals" During Crisis
eEconomics Episode 10: Austerity
Large Depositors in Cyprus Lose 47.5% of Their Deposits. Good!
Bitcoin Falls Flat Among Davos Crowd
Could Keith Alexander's Advice Possibly Be Worth $600K a Month?
German jailed for Julius Bär bank data theft
DOJ, FBI admit they inflated claims about mortgage fraud crackdown last year
Fox News host demands escalation of nuclear hostilities with Russia over Snowden
Judge Napolitano: Detroit's Obamacare Bailout To Backfire
Glenn Greenwald: The message sent by America's invisible victims
Bill Bonner: The Fatal Flaw at the Heart of Modern Economics
Bitcoins Seized By DEA
Google Censorship: A Manufactured Affair?
Deputies suspended over violence while serving a $1,000 civil warrant at 1:13 AM