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Free Cities Project Founder Michael Strong and Tiossano Skin Care Founder Magatte Wade on the push to create autonomous states within the U.S. that co...
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Big government softball we just saw how -- waste billions unfailing energy schemes.
How it sometimes takes people's land by force and turns their property until abandoned -- Why don't like my big government.
But what choice -- a half I like America I don't wanna leave.
But what if there were a way to have more competition.
Among governments within America.
We know competition forces people to become more efficient to get rid of stupid old rules and roadblocks because customers leave if you don't.
So what have we turned over some unused land that America -- Cree areas with few were rules simpler legal systems small government.
That would give you another option.
He could move to one of those places.
Well Michael strong it -- get weighed wanna create thousands of new governments they've started -- new group called the freeze city's project.
What's that about what as you say competition makes everything better Silicon Valley is great because thousands of young entrepreneurs create new companies we want to encourage thousands of people around the world to create new governments that how -- different kinds of rules each competing for customers.
So we have the best education the best health care and most peace and prosperity you can possibly imagine.
By means of competition.
So like winner you have to get the state government approval let you have cement Atlantic know that that that is important so a couple of things one is they're already native American reservations the US were encouraging native American reservations to take hold -- their responsibility.
To be sovereign and as they become sovereign there can be more -- also in places like Honduras and Senegal.
We're encouraging Honduras already -- something like this and cynical were encouraging the a movement towards the autonomous city state that would allow for peace and prosperity in countries like cement on Honduras where -- -- And I should say you guys are very a couple then we get -- from Senegal where you saw first hand how stupid rules.
Stopped prosperity right now we have thousands of young people at the bottom of the ocean that.
Why because it -- -- into some fisherman's boat trying to make it to Europe to get a job not to get that cute -- -- to get a job so.
That.
And what do we need to to keep them home we need jobs who -- who create jobs and to the -- And the but for entrepreneurs to be incentivized to calming and creating jobs somewhere you better make it's right for them to come in and do such a thing.
And that's not the case in Senegal I -- an army not just to -- there was a government monopoly on cement but they.
Recently allowed a competitor in prices fell by a third but exactly there we were colonized by sent by your friends at some point.
And that -- for example in labor laws why is it not so.
Incentivizing for me right now to start a company in Senegal for example I'm married to my employees good or bad.
-- here -- -- -- -- that you cannot fire an employee.
The welfare systems huge.
France says you can't fired employees of -- so that must be a good rule accident.
Absolutely and in terms of also being able to set up accompany it what we have we are much better now in terms of revenue started to beverage company in Senegal's very tough yes it was an -- -- It was an orgy of and I did it because -- from Senegal and I haven't in trust in trying to improve things but for an American company or.
Anyone who was no incentive of going -- what they went through why would they put himself for such a thing.
The people realizes of the developing world is massively over regulated if we had as simply as much economic credit freedom is Denmark.
-- -- countries around the world there would be almost no poverty and almost.
No war.
What there'd be prosperity in Africa if they had fewer rules big time Africa's the most regulated to -- -- -- -- -- -- on earth.
It is very counter intuitive and the fact that we have so many rules -- doesn't benefit the most.
Multinationals.
But people -- so because there's smart and they have absolutely way to get around black -- capitalists in the Congo it requires eighteen documents to important thing.
Which means that the only people would actually import things are people are pay bribes.
And it's it's some people talk -- corruption corruption in Africa is a symptom of massive over regulation right people have to pay off people if you can't do it legally.
So are there any of these free cities in the world -- Hong Kong and Singapore are.
The best examples and there are the fastest growing and -- the last fifty years Hong Kong and Singapore were both roughly.
The same level of development as parts of Africa 1960 now -- among the wealthiest places on earth.
And Dubai wanted to create a financial sector but they had sure real -- so they couldn't.
Dubai was brilliant that they are the first clear example of using a different legal system they looked around the world they saw the Hong Kong Singapore New York Chicago Sydney London Paul -- British common law.
British common -- much better for commerce tennis French common law or Sharia law so it took a 110 acres.
To -- -- -- put British common law with the British judge in charge.
And they went from -- key piece of soil to the sixteenth most powerful financial some of -- in the world in eight years.
Eight years boom just like that.
And the speaking of this contrast you suggested we show this picture.
At -- from the sky of north and South Korea and this illustrates -- That prosperity is dependent on rules it's what -- explain what we're looking at here at South Korea multiple plenty of light plenty of development.
South Korea is -- you see you right now with some development in the middle is North Korea.
No like a exactly this shows the rules determined prosperity same culture different rules set some libertarians say the answer this is -- stating we.
This government shall never go -- long within the United States all we have we're gonna go out in the ocean.
The -- studying is an interest in innovation.
And there are various he's stepping ceased -- way it C are pretty radical and difficult technologically.
You could have -- stents that are in London.
That provide more autonomy that farmland you can imagine a country like Mexico allowing significantly more freedom just offshore than onshore.
You even cruise ships are used in some ways as opportunities to do things that might otherwise not be possible.
-- see steady and is another way to create freedom and prosperity and asked to escape abusive rules that exist around the world.
A free city was in America would be a lot cheaper than building.
We -- platform in the ownership we hope the native American tribes take off and become islands of freedom it's 564.
Islands of freedom across the US.
Thank you.
Michael strong and --
