Alex Ugorji: Life in a Honduran Free City Under Threat
“A pet peeve of mine is the idea that Free Cities are going to full of Westerners… I think Most Free Cities that are successful will be local based like Morazan.
Morazan can grow a lot faster than Próspera because it’s target market is the people of Honduras.”
On this week’s podcast, I sat down for a candid chat with Alex Ugorji.
Alex is one of the original residents of Ciudad Morazán, the so called ‘blue collar Free City’ and one of the lesser known Honduran ZEDEs. In fact, as far as I can tell, he is the third-longest-standing resident of a modern Free City in history, so his opinion carries weight.
He shares his journey from the Northern Mariana Islands in the northwestern Pacific Ocean to Honduras, exploring the potential of crypto-friendly environments and the complexities of navigating financial regulations. Alex sheds light on the current legal uncertainties surrounding the ZEDE regime in Honduras, particularly in the wake of the Supreme Court’s controversial decision to retroactively repeal the ZEDE law, and discusses its implications for investors and residents.
The conversation also delves into the broader political landscape of Central America, examining the rise of libertarian figures and the competitive dynamics shaping policy decisions in the region.
Morazán often flies under the radar of journalists and commentators reporting on ZEDEs in Honduras. More often than not, this is because it doesn’t conform to the negative stereotypes frequently perpetuated by legacy media. If you’re interested in learning more, check out their website as well as my interview with Ciudad Morazán’s founder, Massimo Mazzone.
Enjoy the conversation.