Apparently, billionaire investor Peter Thiel wants to start his own nation, based on Ayn Rand’s ‘Atlas Shrugged’.

Mr. Thiel and his colleagues say their ocean state would have no welfare, looser building codes, no minimum wage, and few restrictions on weapons.

So, thousands of rich folks will live with a lax government and no planning, in the middle of the ocean. That sounds just crazy enough to fail miserably, and possibly become victim to marauding bands of pirates.

---