Wednesday, August 17, 2011
Silicon Valley billionaire and PayPal founder, Peter Thiel, has given $1.25 million to an initiative to create oil rig emulating, floating, libertarian countries in international waters, according to a profile of the billionaire in Details magazine.
The idea is to create floating independent quasi-states beyond the reach of any one country's jurisdiction because they are in international waters. There is no information on how these colonies would cope with the growing movement toward international maritime law. This has been a hot button issue as the Empire has continued to have to combat marauding and piracy.
The prospective colonists hope to get around building codes, minimum wage laws and weapons restrictions according to Yahoo. No word on if they will be trying to circumvent tax codes, too, a racket perfected in island countries like Bermuda, the Caymans and Switzerland.1
Read more here.
1Also no word on how they would repel marauding bands of buccaneers should they appear over the horizon.