Many news outlets are reporting that PayPal founder Peter Thiel is investing more of his billion dollar fortune in a scheme to create floating libertarian city-states in international waters. Physically they would be similar to a large oil platform or artificial island.

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."

I've always wondered if it's possible for people who make a shit-ton of money in the real world to relocate to exclusive, private island communities and to live as though they are above the law. This experiment should answer that question once and for all. Thank you, Peter Thiel.