It's ironic how the Bioshock games vaguely follow the Seasteading Institute's plans (Bioshock 1 with Rapture, underwater cities not quite floating islands and Bioshock infinite with floating cities : https://www.youtube.com/watch?v=E7ZWirICmG8)
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Is it that ironic? It is a very obvious idea from a libertarian perspective. Both are essentially getting it from Galt's Gulch in Atlas Shrugged.
The best part is, when Randies get what they actually want (http://galtsgulchchile.com/) they end up with what any rational person expects would happen.
For anyone not familiar with the story, Daily Kos has a pretty good summary. http://www.dailykos.com/story/2014/09/18/1330554/-Galt-s-Gul...
TL;DR: Ponzi scheme, involving environmentally protected land, no water rights, wage theft, lawsuits.