Summer camp is a classic rite of passage in the U.S. It's a place of self-discovery, where kids come to make new friends and take on new challenges. But what if it were ALSO a place where children came to learn how to survive in a free market economy? That's part of the idea behind a summer camp at JA BizTown, in Portland, Oregon. Kids at the camp run tiny fake businesses in a tiny fake town. There are retail stores and restaurants, insurance companies and power utilities. As camp begins, a gaggle of child CEOs take out business loans from their peers in the tiny fake banking industry – and they spend the day racing to run their businesses profitably enough to get out of debt before pickup time. On today's show, Planet Money takes a romp through capitalism summer camp. Will the children of BizTown be able to make ends meet and pay back their loans to the banks? Or will a string of defaults send this dollhouse economy into financial collapse? It's Shark Tank meets Lord of the Flies. This episode was hosted by Alexi Horowitz-Ghazi and Sally Helm. It was produced by James Sneed, and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Gilly Moon. Planet Money's executive producer is Alex Goldmark. Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. Learn more about sponsor message choices: podcastchoices.com/adchoices NPR Privacy Policy
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Asher Speer is preparing for the biggest job interview of his life, and hes feeling pretty nervous about it.
There are potentially dozens of other qualified candidates in the running, and Asher Hasnt had a job in a very long time.
How long have you been unemployed?
Eleven years.
And why is that?
Im a child.
I cant have a job.
Yeah, we should mention Asher hasnt worked for eleven years because he is, in fact, only eleven years old.
I mean, I can do stuff like mowing people's lawns and stuff, but these dang laws prevent me from a real paint job.
Dang you.
Child labor laws.
Dang you.
Asher cannot wait to get his first w two.
So this summer, when he and his parents were looking into potential fun camps, they decided to send him to a place where he can pretend to join the workforce.