Neofeudalism
- Feudalism
- An economic system where minority holds land militarily in exchange for service or labor from the inhabitants of the land.
- Neofeudalism
- An emerging form of governance and economics centered around privately-owned cities operated as businesses, usually via a contract the local government has with the city's owners.
(links added by me)
Próspera’s founders believe the future of government lies with privatized startup cities. ...high-profile Silicon Valley figures, like PayPal co-founder Peter Thiel and venture capitalist Marc Andreessen, put their money behind startup city initiatives...
Some governments have been drawn to the idea, too, hoping it will attract foreign investment and spur economic growth... These cities are to be governed by private investors, who can write their own laws and regulations, design their own court systems, and operate their own police forces.
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