"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.... [T]he 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.'"
So... it's basically a cruise ship, right? But you're stuck there indefinitely. And you're not going to call up the United States to rescue you when things go awry, right? I just have one request: Cameras everywhere! We want to watch your reality show.