News for hackers. Stuff that matters.

A comment on Bill would allow tech companies to form local governments.

Re:Bill would allow tech companies to form local governments by frongpik on Thursday February 04, 2021 @07:52PM (#26031738)
Serfdom, rebranded as something related to high tech. And there will be enough desperate people who would fill these zones. Tata consultancies and the like hire echelons of h1b workers from India and China and those workers may never see a green card. Moreover, once such zones get a competitive edge by extorting their employees, other companies will have to get out of business or embrace the new business model.
[ Parent | on HN ]
Re:Bill would allow tech companies to form local governments by Frazmatazz on Thursday February 04, 2021 @08:24PM (#26031958)
A manor with boarding houses will now be an "Innovation Zone" with "Coliving Spaces".
[ Parent | on HN ]
Re:Bill would allow tech companies to form local governments by RhodoGSA on Saturday February 06, 2021 @01:33PM (#26048671)
That, or a company like Tesla announces a new city, millions of Americans flock to it, we redevelop a sense of unity and local progress and all live happily ever after.

"you're afraid to take the first step because all you see is every negative thing 10 miles down the road."

[ Parent | on HN ]
Re:Bill would allow tech companies to form local governments by airstrike on Saturday February 06, 2021 @01:36PM (#26048699)
And if Tesla goes under or faces some troubles, or for whatever reason decides to close down shop, since everyone's income is nearly perfectly correlated the city collapses all at once and the entire population is now unemployed
[ Parent | on HN ]
Re:Bill would allow tech companies to form local governments by RhodoGSA on Saturday February 06, 2021 @01:46PM (#26048778)
Definitely amplify's risk for sure. If the company went under, your whole county would go under and the government is not likely to bail them out like they would a city who had too much debt. Since you may even purchase your house on the company land, you could quite literally lose everything.

Again, if the population thrives the amount of space is hyper-limited. I don't know if there'd be gentrification per say, since it'd be gentrified from the start but the populace would grow fabulously rich off both stock in the company, increased land value and general prosperity for your entire community.

It also changes the incentive structure. You want you company to thrive, so your can community to thrive and vice versa.

[ Parent | on HN ]
Re:Bill would allow tech companies to form local governments by alfiedotwtf on Saturday February 06, 2021 @05:07PM (#26050459)
And Tesla being car company is the best example of this - Detroit and it’s deterioration since the fall from GM and Ford’s highs
[ Parent | on HN ]
Re:Bill would allow tech companies to form local governments by alfiedotwtf on Saturday February 06, 2021 @05:02PM (#26050422)
Funny, I alluded to this in the other thread that’s now marked a dupe. I read the article and couldn’t believe what I was reading. We are making the mistakes of the past... or to rephrase that, the lords are consolidating
[ Parent | on HN ]