Apr

10

 Last weeks Junto was interesting, Greg Rehmke spoke about Charter Cities  the Hanseatic League and work done by Paul Romer.

It was a very informative talk and there was a great deal of discussion. The talk centered on the economic benefits of a small (not national) economic zone similar to Hong Kong or Singapore with limited regulation and low taxes in order to create incentives for economic growth and prosperity. He referred to them as "Global Cities". One very interesting side point raised by a member of the audience was that the attraction to cities of members of rural populations usually meant that those who migrated toward cities were moderates and this migration left radical elements in rural areas unchecked, leading to the proliferation of fundamentalist ideals throughout rural areas in Byzantine, Middle Eastern and Caucasus states. My take was that "moderates" meant those looking to improve their lot and therefore seeking and unafraid of change, leaving those elements not interested in change, improvement or the future behind. I found that idea particularly fascinating.


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