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I hadn't seen that, but I've been saying for years that if you went Detroit to come back, draw a border around it and make it a free trade, low tax special econ
by brc 12y ago
I hadn't seen that, but I've been saying for years that if you went Detroit to come back, draw a border around it and make it a free trade, low tax special economic zone that was free from state and federal regulations and only having the US constitution applied.
Within a decade people would be lining up at the borders wanting to get in. And it would be a brilliant experiment on how the current crony capitalism heavily regulated economy is the problem, and the solution can only be large scale reversal of all that.
- vinay427 12y agoExcept that it wouldn't be an example of how a heavily regulated economy is the problem, because people who lived in the hypothetical future Detroit would likely be able to enjoy the unified benefits (social services, infrastructure, etc.) that come with better regulation. It's roughly equivalent to the "best of both worlds" benefit of tax havens in contrast to Western countries that tax fairly heavily. If you really wanted an example, draw a closed border around it and see what happens. I can't predict that, but it would be interesting to see.