“Proprietary communities offer people a way to get rich by providing public goods. Public goods affect the value of the land on which they are provided. A classic example is schools. Good schools can increase land value by thousands—if not tens of thousands—of dollars. Similarly, police, roads, parks, and sanitation tend to raise land values. Because a proprietor or developer’s income depends on the value of the land he is renting out, he has incentives to provide public goods as part of his total offering. The two closest examples of proprietary cities are Letchworth and Welwyn, small cities founded by Ebenezer Howard on Georgist principles before being nationalized after World War II.”
Tag Archives: Free Market
Pixar will make its 3D rendering software free for download
“Fans of Pixar rejoice — the animation studio behind such popular films as Toy Story, Monsters Inc., and Pirates of the Caribbean has announced its 3D rendering software will be given away for free for non-commercial use. The program, called ‘RenderMan’, was originally developed by Pixar. In recent years, it has experienced increased competition from other animation programs, most notably, Arnold and VRay. Pixar licenses RenderMan out to other studios for use in their films, but to secure a broader base of users, the company thought it best to make it available to the public in general.“
Swiss Freeports and the Invincible Tax Evader
“Freeports have an impressive history. They arose from the legal exemption that items ‘in transit’ receive from taxes and tariffs. It was expected that this exemption would only be temporary as shipped goods transferred between planes or were temporarily stored while awaiting shipment to their final destinations. But investors quickly realized another, more profitable use for them. Because there was no limit on how long something could be ‘in transit,’ freeports offered an innovative solution for avoiding taxes and tariffs on high-value assets. This system allows stored assets to appreciate in value, and it also allows for tax-free sales. Demand for space has surged to unprecedented levels.”
http://www.fee.org/the_freeman/detail/swiss-freeports-and-the-invincible-tax-evader
EFF awards Apple, Google perfect privacy scores
“Over the past 12 months, nine technology companies have drastically improved the way that they handle government data requests and as a result, the EFF says that they have received perfect scores from their point of view. In its annual Who Has Your Back report, the EFF says that eleven companies overall now have perfect scores. Last year, the only two companies that scored as highly were Sonic.net and Twitter but outrage over NSA revelations and other disturbing things has brought about change in many companies. The EFF says that there are now 20 technology companies out of the ones surveyed that are publishing those reports.”
http://www.technologytell.com/gadgets/144227/eff-awards-apple-google-perfect-privacy-scores/
Bill Bonner: Is Capitalism Doomed?
“Capitalism has so few real aficionados they could all probably be rounded up and shot in an afternoon. The poor don’t like it because they think it – rather than their own bad luck or bad habits – keeps them from getting rich. The rich don’t like it because it threatens to ruin them with crashes and bankruptcies. Businessmen don’t like it because its process of ‘creative destruction’ threatens to make their industries obsolete. Intellectuals don’t like it because it is inherently unpredictable and uncontrollable. The media doesn’t like it because it gives no press conferences and provides no ‘talking points’ for lazy journalists. Investors don’t like it because it punishes their mistakes.”
City of Imagination: Kowloon Walled City 20 Years Later
“The Kowloon Walled City in Hong Kong was once the densest place on earth, a virtually lawless labyrinth of crime, grime, commerce and hope. A Wall Street Journal documentary tracks its colorful legacy and brings the place alive 20 years later.”
Wendy McElroy: Let a Thousand Home Businesses Bloom
“Home industry is particularly important to the poor for at least four reasons. First, the business overhead is usually low. Second, it allows people to use their labor as equity to develop a business for which financial or capital equity is not available. Third, it does not require higher education. Fourth, people own the means of production, such as an equipped kitchen or a garage with tools. Home industry also has the advantage of not draining the public purse—that is, production does not draw on government subsidies or privileges, which benefits individuals as producers, taxpayers, and consumers. But does it benefit governments?”
http://www.fee.org/the_freeman/detail/let-a-thousand-home-businesses-bloom
33,000 Cheers for Liberty in South Africa!
“One hundred years after the 1913 Native Land Act was passed in South Africa, the first fully tradable title deeds were released to black home owners in the Ngwathe municipality in the Free State province. Initiated in 2010, the Free Market Foundation’s (FMF) Khaya Lam (my house) project serves to convert land currently held under a complex variety of restrictive tenures and titles to unambiguous, freely tradable ownership. Secure property rights represent one of the most important requirements for the protection of both economic freedom and civil liberties. The Ngwathe municipality prides itself on the extent to which it has implemented land transformation for black South Africans.”
The Battle for Self-Ownership in Medical Care
“We are working in systems where third parties call the game. This was initiated by Bismarck way back, we still have Bismarckian model which is overbearing in most of Europe. Bismarck is dead now and I think this model will probably die as well. It’s dead in Georgia, and it will die elsewhere. How can you reestablish the direct contract between patients and doctors? That’s one of the keys of achieving self-ownership for patients in so far as they can choose their doctor and also autonomy for doctors who can concentrate their work on their patients without third parties telling them what to do. That’s one way, and there’s several means of doing it.”
http://isil.org/the-battle-for-self-ownership-in-medical-care/
Nigeria’s Moment
“Everywhere in Nigeria I saw enterprise. People sit for hours under primitive lean-tos by the highway to sell drinks and food to travelers. Open-air markets, which seem to occur every couple miles, are bustling, with people dashing hither-and-yon selling most everything you can find in a department store or supermarket. Citizens of this former British colony typically speak English, the global commercial language. I visited a university filled with bright and engaging students hoping to make better lives for themselves and their country. What is desperately needed, said one business executive, is an ‘enabling environment’ for enterprise. In this the government fails miserably.”