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Startups, Urbanization and Reform

+ Brandon Fuller

In this FAQ video Paul Romer addresses the question of why a country would want to establish an entirely new city.

Urbanization gives us a chance to create startup-like entities which could sometimes be the way to break through the impasse that keeps us trapped in rules which have incredibly harmful negative side-effects. It's very hard to change the rules in an existing society but sometimes you can create something new, a startup at the social level, which can show how something new works and then that successful demonstration can lead to reform throughout the entire society.

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