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Internet billionaire donates $1.25 million to create liberta

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  • Internet billionaire donates $1.25 million to create liberta

    Internet billionaire donates $1.25 million to create libertarian islands


    Seasteading Institute's Facebook page

    Peter Thiel has made his fortune by being part of the next big thing: He was a co-founder of Paypal and one of the early investors of Facebook.

    But a new Details profile sums up his new plans: “Forget startup companies. The next frontier is startup countries.”

    Thiel has donated $1.25 million to the Seasteading Institute, the brainchild of Patri Friedman, a former Google engineer and grandson of economist Milton Friedman. Here’s the gist: creation of libertarian, sovereign nations built on oil-rig-type platforms anchored in international waters and free from the laws and moral codes of any other country.
    PHOTOS: Craziest homes from around the world

    Plans for the prototype include a movable, diesel-powered 12,000-ton structure that could house 270 residents. The goal would be to eventually link hundreds of the structures together.

    Friedman’s timeline is to launch offices off San Francisco next year, get a full-time settlement within seven years and eventually diplomatic recognition from the UN.

    “The ultimate goal is to open a frontier for experimenting with new ideas for government,” Friedman told Details. Some of the changes: no welfare or minimum wage, looser building codes and few restrictions on weapons.

    Friedman thinks what could set this apart from an Ayn Rand novel – or even a remake of “Waterworld” – is the idea of entrepreneurship. He calls one idea Appletopia. A corporation, such as Apple, “starts a country as a business. The more desirable the country, the more valuable the real estate.”

    Criticism of the idea hasn’t been kind. Slate’s Jacob Weisberg called it “the most elaborate effort ever devised by a group of computer nerds to get invited to an orgy.”

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

    Published on Wednesday, August 17th 2011, 3:46 PM
    Life is a system of half-truths and lies, opportunistic, convenient evasion.”
    - Langston Hughes

  • #2
    I first heard about this Seasteading thing last year. Crazy but interesting idea.

    It sounds like a pirates dream though. Henry Morgan must be drooling in his grave!
    "‎It is easier to build strong children than to repair broken men" - Frederick Douglass

    Comment


    • #3
      Now you why you tax the rich? The man have nothing to do with his money.
      • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

      Comment


      • #4
        ...and hopefully strict codes and practices to prevent harm to the environment.
        "Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has."

        Comment


        • #5
          Originally posted by Assasin View Post
          Now you why you tax the rich? The man have nothing to do with his money.

          How you mean the man has nothing to do with his money. He is doing what he chooses to, and read below:

          Yahoo News points out that Thiel made news this year for putting a portion of his $1.5 billion fortune into an initiative to encourage entrepreneurs to skip college.
          Life is a system of half-truths and lies, opportunistic, convenient evasion.”
          - Langston Hughes

          Comment


          • #6
            not too sure if that is good or bad. Him woulda do well a Jamaica with that, higglers oops I mean Informal Commercial Traders would do well. LOL
            • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

            Comment


            • #7
              Well IMO - some entrepreneurs are better off, delaying/skipping the college route.
              Life is a system of half-truths and lies, opportunistic, convenient evasion.”
              - Langston Hughes

              Comment


              • #8
                Wonder where I am on the Forbes list now, cause I could certainly use my own island
                Life is a system of half-truths and lies, opportunistic, convenient evasion.”
                - Langston Hughes

                Comment


                • #9
                  Navy Island and Monkey Island still available
                  • Don't let negative things break you, instead let it be your strength, your reason for growth. Life is for living and I won't spend my life feeling cheated and downtrodden.

                  Comment


                  • #10
                    Originally posted by Assasin View Post
                    Navy Island and Monkey Island still available
                    Life is a system of half-truths and lies, opportunistic, convenient evasion.”
                    - Langston Hughes

                    Comment

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