A Startup Linked to Peter Thiel Wants to Build the “Next Great City” in Greenland
Founded by Patri Friedman — grandson of Milton Friedman, the libertarian economist — with seed funding from Thiel, Pronomos Capital has a portfolio of city projects in countries ranging from Palau to Nigeria. The most widely known is Próspera, located on the island of Roatán in Honduras. Developed as a Zone for Employment and Economic Development, or ZEDE, with a highly autonomous administrative structure and its own civil code, Próspera is far and away the leader in the “city of the future” category for the simple fact that it actually exists.
That may not be the case for very long, however, as the city has had several disagreements with its host country. As of September, the top court in Honduras declared the legal underpinnings of ZEDEs unconstitutional. Another Pronomos investment is Itana, formerly known as “Talent City,” which is under development in Nigeria roughly 50 miles east of Lagos; it operates under a similar model as Próspera with backing from the Nigerian government.
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For Praxis, the negative response may seem insurmountable, but there are also tailwinds: President Trump has nominated Ken Howery, another member of the PayPal Mafia, to become the ambassador to Denmark. The official response from Denmark’s governing party to inquiries from Trump has been sullen as well, but the president’s efforts have landed a request for a meeting from the Danish Prime Minister Mette Frederiksen amid attempts to ease security concerns in the region. Greenland’s Prime Minister Múte B. Egede also signaled he was ready to speak with Trump, though he drew a line in the sand on the issue: “We do not want to be Americans.”
Related:
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Hagerty, a Tennessee Republican, and Cardin, a Maryland Democrat, quoted a report by the Center for Strategic and International Studies on Prospera that said the project would help address the “root causes” of immigration in Honduras and counter Chinese influence in Latin America. Neway Capital is a corporate sponsor of the Center, according to its website [The CIA front Peoples Temple and Jonestown come to mind, for some reason].
Document: Freedom Cities—Network States