Billionaire Thiel Backs Libertarian Islands

Wednesday, 17 Aug 2011 10:30 AM

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Peter Thiel, a founder of PayPal and an early investor in Facebook, has funneled $1.25 million to the Seasteading Institute that is pushing a plan to create floating city states that would eventually become libertarian countries in international waters, Liz Goodwin writes in her Yahoo blog The Lookout.

The information is included in a lengthy profile of Thiel in Details magazine, Goodwin reports.

The Seasteading Institute’s ultimate goal is to build sovereign nations on oil rig-like platforms. 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," Goodwin quotes Details as reporting.

"There are quite a lot of people who think it's not possible," Thiel said at a Seasteading Institute Conference in 2009.

"That's a good thing,” Goodwin wrote. “We don't need to really worry about those people very much, because since they don't think it's possible they won't take us very seriously. And they will not actually try to stop us until it's too late.”

The group hopes to launch an office park off the San Francisco coast next year.


© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Instructor Death: 9-Year-Old Girl Said Uzi Was Too Much For Her

Tuesday, 02 Sep 2014 13:56 PM

A 9-year-old girl who accidentally killed an instructor with an Uzi at an Arizona shooting range said immediately after  . . .

Family: Joan Rivers on Life Support

Tuesday, 02 Sep 2014 13:45 PM

Joan Rivers' family is confirming that the comedian is on life support after going into cardiac arrest last week during  . . .

Report: Illinois Teachers Paid Well Despite Fiscal Woes

Tuesday, 02 Sep 2014 13:44 PM

Illinois has the lowest credit rating in the nation, but that has not prevented the state's Teachers' Retirement System  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved