Citizens as Shareholders: How to Build a City in Honduras, Part IV

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Honduras is one of the poorest countries in Latin America. It
has the highest murder rate in the world, almost double the next
closest contender. It's a place ravaged by the illegal drug trade
and political instability. As recently as 2009 the military ousted
a president pushing to modify the constitution in order to extend
his own term. It may seem like the last place on earth where
businesses would want to invest, or where people would want to
move. But there's a new idea about to be tried in Honduras.Some call it a Startup City or Free City, others a LEAP Zone,
and in Honduran law it's known as a ZEDE. They are politically
autonomous, privately run zones that supporters believe could
transform not only Honduras, but the entire developing world.In "Citizens as Shareholders," the final episode in a four-part
series, entrepreneurs behind a company called Elevator Cities share
their vision of what they hope will be one of Honduras' first
ZEDEs. They plan to have a private security force, voting based on
"shareholder" status that residents can earn by opening a business
or owning land inside the zone and implementing a completely
automated "smart contract" system both for executing agreements and
engaging in arbitration."If we are able to really show people that this is for real and
that Honduras are serious about not interfering, then I think we
can do something amazing," says Gabriel Delgado, CEO of Elevator
Cities.While there's no guarantee that the Committee for the Adoption
of Best Practices will approve Elevator Cities' proposal, the next
few months will be telling for the future of the ZEDEs and the
broader startup cities project as the first zones get approval and
begin to break ground."If this can be made to work and attract investment and resolve
all of the other potential issues, I expect to see in the next 10
to 20 years, literally first dozens and then perhaps hundreds of
similar experiments around the world that will accelerate the end
of poverty more rapidly than probably anyone can imagine," says
Elevator Cities President Michael Strong.Watch the video above, and check out the rest of the series
Part I introduces the
key players and concepts behind the Honduran ZEDEs and the broader
startup cities movement. Part
II explores already existing examples of experimental
governance in Honduras, including entire towns commissioned and
governed by private companies. And Part III delves into the history
of the Honduran ZEDEs and highlights both past and current
criticism of the project. Or, watch the whole thing here:Download Video as MP4Approximately 5 minutes. Produced by Zach Weissmueller and Ross
Kenyon. Edited by Weissmueller. Music by Chris Zabriskie and
Podington Bear.Click the buttons below for downloadable versions of this video,
and don't forget to subscribe to Reason TV's Youtube
channel for more content like this. This project was
co-produced with the Moving
Picture Institute.
Video provided by Reason TV
Producer : Reason TV