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17 August, 2011

Silicon Valley Billionaire Funding Creation of Artificial Libertarian Islands

Silicon Valley billionaire funding creation of artificial libertarian islands | The Lookout - Yahoo! News: "Pay Pal founder and early Facebook investor Peter Thiel has given $1.25 million to an initiative to create floating libertarian countries in international waters, according to a profile of the billionaire in Details magazine.

Thiel has been a big backer of the Seasteading Institute, which seeks to build sovereign nations on oil rig-like platforms to occupy waters beyond the reach of law-of-the-sea treaties. The idea is for these countries to start from scratch--free from the laws, regulations, and moral codes of any existing place..."

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