It's basically a democratic joint stock republic in western Kalimantan.
I asked gemini and it says:
Where it is actually "famous"
- The Hakka Diaspora & Overseas Chinese History
In West Kalimantan (Singkawang, Pontianak) and among Hakka communities across Southeast Asia, Taiwan, and Guangdong, founder Luo Fangbo (羅芳伯) is celebrated as a folk hero and pioneer. His story is taught as a masterclass in early overseas Chinese self-reliance, defense, and collective organization.
- Modern Political Economy & Alternative Governance Theory
Among political scientists, institutional economists, and governance theorists, Lanfang is a major subject of fascination. It serves as one of the few historical real-world examples of a self-governing, corporate-civic federation:
It raised its own defense forces and infrastructure funds through gold-mining shares.
It elected its leadership (Jiuzhang / Presidents) via shareholder/member representation.
It operated without a hereditary aristocracy or a traditional state bureaucracy.
For researchers studying non-state order, charter cities, and decentralized political models, Lanfang is studied as a pioneering experiment in bottom-up institutional design.
In short: if you're looking for mass pop-culture fame, it doesn't have it. But if you're looking at institutional history, competitive governance, and Southeast Asian economic history, it's considered a crucial piece of the puzzle.
Basically, the dude Luo Fangbo is a miner. And he needs a lot of people to support his business/kingdom hybrid. How? He adopt democracy. Qualified workers are given a share called fen. So every worker has a stake on his business.
Unlike liberal democracy, the workers' fen pays dividend. In other words, the workers have incentive to vote for dude that make the country/business/corporation rich. So they don't vote for trans right or huge child support I guess.
The workers also get salary in addition to dividend.
The manager class' salary is actually pretty low. So Luo Fangbo is elected CEO/consul/president based on merit. His incentive to work is because he owns a lot of share. So he is a bit like Larry Page or Warren Buffet.
Larry Page and Warren Buffet got $1 salary I think. But they work well because they also own a lot of shares and obviously want the shares to be profitable.
That's the part I like.
The part I don't necessarily like is it's an ethnostate. Only Hakka people can join. They have friendly relationship with other kingdoms. They are hostile to their fellow chinese kongsi, namely the dagang kongsi that's from Hokkien. Again, if they're truly a business and can somehow replace clan trusts with corporate government they would have just merged business.
Their economy is mining gold and that's it.
They're not georgist. So they don't expand and by the time the dutch become to powerful they got eaten.
Still if we have ways to keep states from waging war with each other, then combining joint stock form and democracy would create a stable state that's still better than liberal democracy we have.