point me in the direction yo, I said I wanted to know more.... 🤦♂️
Discussion
Long story short it comes from when Honduras about a decade ago decided to give private cities a try. Program called ZEDEs. Since then many things have happened including that law being declared unconstitutional. Also if you ask an everyday Honduran on the street most would tell you they don't agree with the concept. Essentially giving up sovereignty in exchange for what exactly? Many large investments were promised and never materialized. So this cities are nothing more than glorified, small, gated communities. Some have a little bit of industry, but nothing significant producing value or jobs so get the public support. A few hundred jobs have been created, and unless that amount 100Xs at a minimum it's irrelevant in the economy and thus Honduran people rightly ask: why should we give up sovereignty for a few dozen gringos to have a gated community?
So if you ask me I don't even see them existing at all over the next few years
the goal was 10k jobs, latest details I found say 1000 currently have jobs. I'd say that's pretty incredible.
The ZEDEs were "sort of" overtuned, but they can't do anything about it for 50 years?
The reports I've watched and read shows mixed feelings from locals, as would be expected of any change. A lot of hondurans on mainland have no idea or uave only heard rumors.
I was hoping you had some other info...
"a Honduran corruption watchdog published a scathing report on the ZEDEs, highlighting the opportunity they provide for corrupt actors to engage in money laundering and other illegal activities...." Honesty sounds exactly like governments, doesn't it?
There's peeps in the Biden administration that have come to the defense of Prospera, etc, and I believe there is a 10 billion dollar lawsuit "citing potential future losses, Honduras Próspera, a Delaware-based U.S. company that is operating a ZEDE called Próspera on Roatán island, off the northern coast of Honduras, is suing the Honduran government in an investor-state dispute settlement court located at the World Bank."
Like I said before, I'm having a hard time wading thru the noise....
I'm extremely interested in every angle.
