“It is not a gated community walled off from the public for only the elite. There is no charge to get in. Everything is public access, and subject to all the laws governing commercial property. The difference between the public and private city, however, is huge.
You can tell when you have entered the space. Whereas many areas of Atlanta struggle, this area in the heart of the city is clean, bright, ebullient, bustling with enterprise and life.
On an evening recently, on the way to the movies in the spectacular theater there, I sat outside on the patio of a Mexican food restaurant and watched adults and children playing games and having fun on the green space that serves as a mini-park in the middle of this urban experiment in capitalism. There were people from all races, classes, and ages. They listened to the live band and sang along.
As I sat there, I was suddenly overwhelmed with the sense of a mini-utopia. It’s like an idealized scene you see in a commercial for soda or some happy vacation getaway. It was one of the most blissful city scenes I’ve ever witnessed.”
Then it struck me: the police in the community are privately employed by main stakeholders in the community, which are the merchants, apartment owners, and other service providers. (The streets are also private but public access.) For this reason, the police themselves have a deep investment in the well-being of the community and the general happiness of the consumers who shop there. They are employees of the free enterprise system.
(Via.) Foundation for Economic Education <—Read more here