Silicon Valley billionaire funding creation of artificial libertarian islands
2011-08-18 0:00

By Liz Goodwin | YahooNews.com

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.


Seasteading Institute city design (Anthony Ling)

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. Details says the experiment would be "a kind of floating petri dish for implementing policies that libertarians, stymied by indifference at the voting booths, have been unable to advance: no welfare, looser building codes, no minimum wage, and few restrictions on weapons."

"There are quite a lot of people who think itís not possible," Thiel said at a Seasteading Institute Conference in 2009, according to Details. (His first donation was in 2008, for $500,000.) "Thatís a good thing. We donít need to really worry about those people very much, because since they donít think itís possible they wonít take us very seriously. And they will not actually try to stop us until itís too late."


Image: SeaSteading.org

The Seasteading Instituteís Patri Friedman says the group plans to launch an office park off the San Francisco coast next year, with the first full-time settlements following seven years later.

Thiel made news earlier this year for putting a portion of his $1.5 billion fortune into an initiative to encourage entrepreneurs to skip college.

Another tech titan, Amazon founder Jeff Bezos, announced in June that he would be funding the "Clock of the Long Now." The clock is designed to keep ticking for 10,000 years, and will be built in a mountain in west Texas.

Article from: news.yahoo.com



Video from: YouTube.com







Related Articles
Milton Friedman - wikipedia
20 Signs That The World Could Be Headed For An Economic Apocalypse In 2012


Latest News from our Front Page

White Women Are Getting Fed Up
2015-09-03 23:09
We are sick and tired of having our countries ruined, seeing our folk demoralized, and being hated and blamed for all of the worlds problems. We are speaking out, and standing up for our people. We will not let this continue. Let’s get this video trending on Twitter with #Whitewomenarefedup, and get this video to go viral! ... Read ...
Serbian government bans anti-mass immigration protests, and plans ahead for mass immigration
2015-09-03 22:54
Nebojsa Stefanovic, Serbia’s Interior Minister said protesters who are concerned about “an EU plan” to settle thousands of illegal immigrants into the country, will not be allowed to voice their concerns in a protest march on Monday, 31st of August. “We will not allow the expression of intolerance and hatred to be something that is characteristic of Serbia” said Stefanovic. “The Ministry ...
Iran Commander: We're Getting Prepared to Overthrow Israel
2015-09-03 22:51
As the White House secured their last needed vote to block a veto override in the Senate on the nuclear deal, Iran unleashed a double-pronged attack: vowing to block inspector access to some sites, and vowing to continue preparations to destroy Israel. Iranian Defense Minister Brigadier General Hossein Dehqan said today that the International Atomic Energy Agency — which inked confidential ...
Jailed for Not Marrying the Gays
2015-09-03 21:21
Five of six deputies in the office of a Kentucky county clerk taken into custody Thursday for her refusal to issue marriage licenses after the Supreme Court allowed gays to wed say they will process the paperwork starting Friday. But Rowan County Clerk Kim Davis, whom U.S. District Court Judge David Bunning found in contempt of court, said through her lawyers that she will not authorize ...
German Government Evict Poor Germans From Their Homes For Migrant Asylum Seekers
2015-09-03 2:40
This is a video of a report on replacement of poor Germans with Middle Eastern asylum seekers. This was made broudcasted on a German Left-leaning TV station on August 28, 2015. It's original title: The most poor of the poor have to vacate their homes for asylum seekers. Source: youtube.com
More News »