As we have reported before The Seasteading Institute has plans to build floating cities out in the ocean. Now Paypal founder Peter Theil has recently given 1.25 million dollars to the group in an effort to create Libertarian countries out of these floating cities.
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."