Libertarian Island: A billionaire's utopia

PayPal founder Peter Thiel has put $1.25 million toward building floating, autonomous countries at sea. Is he serious?

Billionaire entrepreneur Peter Thiel is financially backing a new island country that would be devoted to the implementation of libertarian policies.
(Image credit: Paul Linse/Corbis)

History is littered with failed libertarian utopias, but PayPal cofounder and billionaire venture capitalist Peter Thiel believes an artificial floating nation-state 200 miles off the coast of San Francisco could change that, according to a profile in Details magazine. And Thiel is putting his money where his mouth is, giving $1.25 million so far the Seasteading Institute, an organization dedicated to launching small countries on oil-rig–type platforms in international waters. Here, a guide to the "vivid, wild-eyed dream" of a Libertarian Island:

Why build a new island nation?

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