entrepreneur Peter Thiel aims to start up libertarian country

Screenshot: As reported in the Lookout article “Silicon Valley billionaire funding creation of artificial libertarian islands”, entrepreneur Peter Thiel, of PayPal and other fame, a libertarian, is investing in building libertarian societies in the ocean:

“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. 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.”

Asserted then is that libertarian society, not proven viable, is actually viable–if first funded via wealth generated under regimes whose GDP is 30% government.  Asserted also is viability if a libertarian island is first engineered and seed-populated by those harboring health, literacy, and technical profiles stemming from that government (e.g., NIH, EPA and teaching hospitals–financial models all precluded by libertarian society).

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