Summary
Wealthy individuals are planning private cities around the world, like Forest City in Malaysia and Prospera in Honduras. These cities are meant to be new, independent societies with a focus on technology and less government control. The idea is to create communities that prioritize innovation and are often supported by big investments from tech leaders.
Key Facts
- Billionaires are building private cities globally, including Forest City in Malaysia and Prospera in Honduras.
- These cities often operate like startup societies emphasizing technology and fewer government rules.
- Balaji Srinivasan, a former tech executive, supports these developments as an "ultimate exit" from the U.S.
- Prospera has received $100 million from tech investors and follows libertarian ideals.
- Praxis, another planned city, is supported by venture capitalist Peter Thiel and focuses on Western civilization ideas.
- Critics say isolation might limit the impact and appeal of these cities to broader society.
- The projects aim to redesign governance using inspiration from internet and startup principles.
- Questions exist about how successfully these cities can function independently.
