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I agree. At the same time I'm torn by the idea of private companies being there own sovereign entities like a city or county. But at the same time, honestly, ar
by TheWellerman 6y ago
I agree. At the same time I'm torn by the idea of private companies being there own sovereign entities like a city or county. But at the same time, honestly, are city councils and county commissions any more moral than private companies?
I think my biggest hang up is the draft proposal that allows the formation of the defacto county commissioners to be chosen by the companies. But like the article says, the draft could change, so the final proposal might not be the same.
I think if they were elected from citizens I'd be a lot more excited.
- calvinmorrison 6y agoIf my city were owned by its residents, were its shareholders, it would be an abysmal stock to hold. Philadelphia is 400+ years old. If we had just put away 1% a year of our budget into a endowment, we would be making more money on it each year than our entire yearly budget. Cities are long lived, but the financial side of it is so short lived because there's no city-state, there's no expectation that the city needs to be able to bail itself out. We're always looking for state and federal funds. It's a shame, Philadelphia could be the nicest, richest city in the world if we had something just like this.
- addicted 6y agoIt isn't about morality. It's about the fact that they have additional incentives that are directly related to what the people in a certain jurisdiction want that are missing for a company.
- sneak 6y agoCities and counties aren't sovereign entities either. They have to abide by state and federal law.
- mola 6y agoElected officials that can be fired by the company. Yeah, much freedom.