Peter Thiel wants to build a perfect Libertarian nation
Peter Thiel has proven that he knows a good idea when he sees one. He invested in Facebook when it was just a dorm-room operation and helped start up PayPal only to sell it to eBay months later for $1.5 billion.
Now the venture capitalist wants the world to know he has a good idea, and the sea is one.
Thiel’s latest endeavor is making waves online after a profile in Details magazine has revealed that the billionaire with ties to the Bilderberg group has put $1.25 million towards developing a floating island of sovereign nations free of rules and regulations.
The Seastead Institute has been trying to get investors to back them for years now. It’s the grand-plan of Patri Friedman, who wants to launch the first free-floating flotilla of oil-rig-resting offices off the Pacific Coast in 2012. By 2050, Friedman hopes to have millions of seasteaders residing within a frontier crafted “for experimenting with new ideas for government.” Beyond the laws of the land, those residing on the movable structures will be able to start anew, incorporating libertarian-minded agendas that’ll rescind restrictions and allow man to make a modern world without, well, The Man.
“When you start a company, true freedom is at the beginning of things,” Thiel tells Details. “The United States Constitution had things you could do at the beginning that you couldn’t do later. So the question is, can you go back to the beginning of things? How do you start over?” Read story at RT.com