In the clever science fiction video game Bioshock, an Objectivist business magnate named Andrew Ryan (recognize those initials?) creates an underwater city, where the world’s elite members can flourish free from the controls of government. It is a utopian village that Ayn Rand and her hero John Galt would surely approve of, but unfortunately it ends up becoming a dystopian nightmare after class distinctions form (what a shocker) and technological innovation gets out of hand. It was a hell of a video game, for those of you into that kind of thing.

But I don’t bring up Bioshock to talk about video games. I bring it up because there is currently a similar movement happening in real life, and it is being funded by another rather eccentric businessman, the Paypal billionaire Peter Thiel. As some may already know, Thiel has teamed up with the grandson of libertarian icon Milton Friedman, Patri Friedman, to try and develop a “seastead,” or a permanent and autonomous dwelling at sea. Friedman formed the “Seasteading Institute” in 2008, and Thiel has donated more than a million dollars to fund its creation.

It is all very utopian, to say the least. But on the website, they claim a floating city could be just years away. The real trick is finding a proper location to build this twenty-first century atlantis. Currently, they are attempting to find a host nation that will allow the floating city somewhat close to land, for the calm waters and ability to easily travel to and from the seastead.

The project has been coined “libertarian island,” and it reveals a building movement within Silicon Valley; a sort of free market techno-capitalist faction that seems to come right out of Ayn Rand’s imagination. And as with all utopian ideologies, it is very appealing, especially when you live in a land where everything seems possible, with the proper technological advancements.

Tech billionaires like Thiel, Travis Kalanick and Marc Andressen, are leading the libertarian revolution in the land of computers, and it is not a surprising place for this laissez faire ideology to flourish. Silicon Valley is generally considered to have a laid back Californian culture, but behind all of the polite cordialities, there rests a necessary cutthroat attitude. A perfect example of this was Steve Jobs, who was so revered by the community, and much of the world, yet almost psychopathically merciless. The recent anti-trust case against the big tech companies like Google, Apple, and Intel, who colluded not to recruit each others employees, has even lead to speculation as to whether Jobs should be in jail today, if he were still alive.