And he plans to do it through the Seasteading Institute, an organization founded in 2008 by Milton Friedman’s grandson Patri Friedman that facilitates the creation of sovereign, mobile communities in international waters.
The micro-countries Thiel proposes are diesel-powered, moveable, 2,000-ton structures built on oil rig-like platforms, with space for 270 residents to live.
Thiel believes these islands may be important in “experimenting with new ideas for government,”such as no welfare, no minimum wage, fewer weapons restrictions, and looser building codes.
The venture isn’t surprising from Thiel, a well-known Libertarian who once wanted to use a currency unaffiliated with any nation for Paypal.
Thiel has invested $1.24 million in the venture, the latest in a string of ventures he’s funded that seek to push humans into the unknown or unconvential, including DNA sequencing, commercial space travel, and a movement toward “unschooling.”
And the self-made billionaire has a timeline for his micro-countries: he plans to launch a flotilla office park off the coast of San Francisco next year, predicts full settlement of the first island in 2019, and aims to have 10 million floating residents by 2050.
To those who doubt him, Thiel told Details Magazine: “We don’t need to really worry about those people very much, because since they don’t think it’s possible they won’t take us very seriously. And they will not actually try to stop us until it’s too late.”
Below, see more of the winners of the Seasteading Institute’s 3-D Design Competition for seasteads, the floating platforms Thiel would like to built to allow people to permanently settle the ocean as they do land.