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And if you look at the track record for company towns - it is mixed. Not every company town exploited workers and paid in scrip. Some company towns were success
by oh_sigh 6y ago
And if you look at the track record for company towns - it is mixed. Not every company town exploited workers and paid in scrip. Some company towns were successful, humane endeavors that had higher standards of living and more upward mobility than the surrounding region.
Modern federal and state law already effectively prevents the worst sort of abuse that employees had to deal with in the worst company towns of the past, so I don't foresee the same kind of exploitation happening.
- gabereiser 6y agoCan you cite an instance where this actually worked?
- IG_Semmelweiss 6y agoJamshedpur comes to mind (from Tata). Sun City, Arizona is also a good example. Gurgaon ,India - but note there are private (company) areas and public areas. In fact that may offer a nice comparison, but from my understanding the seed stage was 100% company-backed. The Woodlands, Texas. https://en.wikipedia.org/wiki/The_Woodlands,_Texas https://en.wikipedia.org/wiki/The_Woodlands,_Texas I think Ciudad del Este gets pretty close although thats a FTZ charter city, not exactly a "company" charter city. When you look at these cities you need to select local comps that make sense.