Peter Thiel, founder of Paypal, invests $1.24 million to create floating micro-countries


By Elizabeth Flock – The Seasteading Institute, an organization founded in 2008 by Milton Friedman’s grandson Patri Friedmanthat facilitates the creation of sovereign, mobile communities in international waters.

The micro-countries Peter Thiel, Paypal founder, proposes are diesel-powered, moveable, 2,000-ton structures built on oil rig-like platforms, with space for 270 residents to live.

Thiel believes these islands may be important in “experimenting with new ideas for government,”such as no welfare, no minimum wage, fewer weapons restrictions, and looser building codes. more> http://is.gd/KUf9OK

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2 responses to “Peter Thiel, founder of Paypal, invests $1.24 million to create floating micro-countries

  1. Pingback: Peter Thiel, founder of Paypal, invests $1.24 million to create floating micro-countries (via the Net economy) | Business, Technology and the Future

  2. I do not think that this particular kind of community will arise on water, however on land, there will be a significant percentage of people who will operate outside of typical societal space. The cob house movement may be the nexus of this.

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