Peter Thiel- Paypal’s founder invests in floating island utopia

The Paypal founder and billionaire venture capitalist, Peter Thiel, has recently invested in a plan that is related to the creation of a floating island utopia that won’t be governed by the rules of the country. The ideation was original of a former Google engineer Patri Friedman. He stated that the island in the International waters will be a home to 270 people and could be grown eventually for sheltering millions of people.

The project is likely to start the upcoming year with a construction of several floating offices off the coast of San Francisco. The full-time settlement of the island is expected of taking seven years of time.

Why build a new island nation?

The Seasteading Institute stated that “there are no such things as unclaimed land“. Eventually, staring on international waters is the only option for creating a new society Earth. Basically, explaining detail’s; Jonathan Miles states that the autonomous island 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.”

How would Libertarian Island work?

At first, the new city-state would be built on diesel-powered, mobile-floating platforms that dwell up to 270 citizens. Where the Seasteading chief Petri Friedman is hoping to have millions of residents living on hundreds of banded-together floor no later by 2050. Within a few decades, the aim is to establish a United Nations–recognized dominant nations that get their food and energy from trading with neighboring and other countries.

Is this proposal for serious?

Undoubtedly, yes! 

The Paypal‘s founder, Friedman is planning on starting the project by next year by launching a small fleet of offices off San Francisco’s coast, with full-time floating settlements in seven years.The Paypal‘s founder and Google’s engineer; Friedman and Thiel are expecting the “entrepreneurial passion” of seasteading to prevail where other libertarian utopias have faced break-downs. At a 2009 Seasteading Institute Conference, Thiel stated- many people scoff at the idea, but “that’s a good thing”. “Since they don’t think it’s possible; they won’t be taking us very seriously. And they will not actually try to stop us until it’s too late.”

Where could it break down?

Floating cities, constructed under super-loose building standards, in the middle of the ocean?
John Cole in Balloon Juice stated in just two words- “Let’s see”. The rest of us will pay a fortune in salvage costs. Moreover, Allahpundit in Hot Air stated that these private societies will be “populated by people desperate enough to work for less than minimum wage with easy access to weapons of all sorts”. This could be “the start of a magical utopia where the government is small, freedom is abundant, and the only limit to the pursuit of happiness is your performance at swimming. Or, it could be Lord of the Flies. Another awful comment was made by Ann Althouse in her blog stating “Oh please, put “cameras everywhere!”. “We want to watch your reality show.”

What do other libertarians think?

Lew Rockwell in his blog highlighted the project by stating- “Jaded crank such as myself have witnessed numerous of these projects”. Thiel is appreciated to concentrate whatever he wants on his vision, but “the real battle for the future of liberty and the survival of the values of Western civilization is right here in our own backyard,” not in some offshore utopia. Whereas, Dan Mitchell in International Liberty stated- “I think this is a great idea”. But you won’t automatically “escape the IRS by moving your money to these fiscal havens.”And finding “libertarian nirvana” off chilly San Francisco? I vote for the Caribbean.”

Comments

comments

Vineeta Sharma Written by: