Relevant and even prescient commentary on news, politics and the economy.

Tech Companies: Be your own town and government

I saw this bit of news on Steven Colbert’s show last night. Seems Nevada’s Democratic Governor thinks tech companies need to be their own town. The thinking is that this is a way to attract business development without spending money. What could go wrong?

From the AP news:

“Democratic Gov. Steve Sisolak announced a plan to launch so-called Innovation Zones in Nevada to jumpstart the state‚Äôs economy by attracting technology firms, Las Vegas Review-Journal reported Wednesday.

The zones would permit companies with large areas of land to form governments carrying the same authority as counties, including the ability to impose taxes, form school districts and courts and provide government services.”

I am surprised that a Democratic governor would think this is a good way to attract commercial development. Is he not familiar with history and the mill housing? The company stores? The lyrics of “Sixteen Tons”?

How much further are we going to push the idea that corporations are people as referred to in our Constitution. This appears to be the Republican “emergency manager” without the emergency. The layers of legalities is stunning. We would have a democracy national government on top of a democracy state government on top of a non-democracy corporation on top of a sort of democracy town government? Which state’s laws would oversee the corporation?

What is wrong with these people?

Here’s Steven.