A Real Life Galt’s Gulch

December 9, 2011   |  

I have to admit that up until finding this article, I had no idea what “seasteading” was.  To me, the idea of a floating city is not too appealing.  Not only would it lack in resources, but I just don’t think my stomach could handle it.  However, the idea of building libertarian utopias in countries with struggling economies sounds like a wonderful idea.  From and article at FastCoexist.com:

The seasteader-in-chief is headed ashore. Patri Friedman (that’s Milton Friedman‘s grandson to you), who stepped down as the chief executive of the Peter Thiel-backed Seasteading Institute in August, has resurfaced as the CEO of a new for-profit enterprise named Future Cities Development Inc., which aims to create new cities from scratch (on land this time) governed by “cutting-edge legal systems.” The startup may have found its first taker in Honduras, whose government amended its constitution in January to permit the creation of special autonomous zones exempt from local and federal laws. Future Cities has signed a non-binding memorandum of understanding to build a city in one such zone starting next year.”

This will be interesting to follow.  I can’t imagine that the Honduran government would actually suspend all of it’s laws in one of these zones, but if so, this would be the best case study of contemporary libertarianism and it’s affect on struggling economies.

Full article here.

Follow Blake on Twitter @BlakeOates and visit his personal blog at www.ExpMed.net

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