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Libertarian islands? (3)


1 Name: Anonymous Speaker : 2011-08-18 10:17 ID:9RNjUFWs

Peter Thiel and friends have a crazy idea.

>It goes like this: Friedman wants to establish new sovereign nations built on oil-rig-type platforms anchored in international waters—free from the regulation, laws, and moral suasion of any landlocked country.

Here's the fundamental flaw: they’re going to build an artificial island of sorts which is a major technological undertaking. It requires not only major initial investment but also continuous and expensive upkeep. How will they pay for it if they don’t believe in taxes and tariffs?

Will it turn out that the free market wills taxation and government regulation into existence?