[Atlasphere] Private Proprietary Cities Gathering Momentum

[O-Land News Junkie]

A brand-new experimental “City of the Future” is being built from the ground up in Abu Dhabi, financed primarily—over 80%—by private investors:

“We want it to be profitable, not a sunk cost,” says Khaled Awad, who is directing the development of the city. “If it is not profitable as a real-estate development, it’s not sustainable. Then it will never be replicable anywhere else.”

“We will no longer have to guess what the city of the future looks like. In Abu Dhabi, we will be able to see it with our own eyes.”

This is a striking example of an accelerating trend, first identified in the early part of the twentieth century by inventor and philosopher Spencer Heath, of the increasingly proprietary (economic, voluntary) administration of communities, which is replacing the traditional non-proprietary (political, coercive) administration of communities and societies.

Looks like Mulligan’s Valley is becoming reality, and in some of the most unexpected places. On April 15, 2008 libertarian and PayPal founder Peter Thiel pledged $500,000 to the new Seasteading Institute co-founded by Patri Friedman, son of economist David D. Friedman and grandson of economist Milton Friedman.

Suggested further reading: “The Quickening of Social Evolution” by Heath’s grandson Spencer Heath MacCallum.

http://www.theatlasphere.com/metablog/756.php