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View Diary: Are Capitalism and Democracy Incompatible? (159 comments)

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  •  Honduras (2+ / 0-)
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    TimmyB, isabelle hayes

    One of the stranger fallouts from the 2009 Honduran coup has been the scheme hatched by an NYU economist, Paul Romer, along with free-market libertarians—including Milton Friedman’s grandson, Patri; you can’t make this up—to start a bunch of “year-zero” cities in the country, free-market utopias with their own laws, except more savage.
    In any case, the plan has hit a snag in that a committee of the Honduran Supreme Court has declared them unconstitutional, though that ruling could be reversed by the full court. Recently, a lawyer who argued for their unconstitutionality was gunned down.
    Patri Friedman has cleared that point up, saying, in relation to these kind of start-up cities, that “Democracy is the current industry standard political system, but unfortunately it is ill-suited for a libertarian state.” Peter Thiel, founder of Paypall and bankroller of FB and another supporter of the Honduran scheme, wrote: “Most importantly, I no longer believe that freedom and democracy are compatible.”
    http://coreyrobin.com/...

    American Heart Association: Diet Soda can cause type 2 Diabetes. "Circulation" July 23, 2007. Read it for yourself.

    by jeffrey789 on Thu Oct 18, 2012 at 09:20:54 AM PDT

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