Silicon Valley billionaire funding creation of artificial libertarian islands

Yahoo! News | August 16, 2011

By Liz Goodwin

Comment From Old-Thinker News: Peter Thiel is a Steering Committee Member of the secretive Bilderberg Group, consisting of international bankers and elites from around the globe. This alone should raise red flags among true libertarians. Beware Utopian ideals.

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.”

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