Privately-Run Cities in Honduras Prepare to Launch

Honduras has reached formal agreement that will allow private investors to begin building three privately-run cities in Honduras.  This has been in the works for some time and it is an intriguing prospect to see it so close to going live.

One fascinating thing about these private cities is that the hypothesis is that the most important “infrastructure” behind a building a free and prosperous society is the rule of law.  So that the emphasis of the founders is on building a court system and a set of voluntary laws that investors and workers can opt-in to by contract.  I suspect that the ventures will prove highly successful and may become a prototype for similar investments in the future in other impoverished areas where the rule of law is weak.