Freedom is getting harder to find. So is waterfront property. Sensing a gap in the market, entrepreneurs are now selling the concept of nations-at-sea. In Honduras, an American engineer is about to start building a huge steel float called Freedom Ship, intended as a home for 50,000 people who will make their own laws and form a country unto themselves. In Britain's North Sea, an old gunnery fort called the Principality of Sealand is attracting investors who hope to make it a digital utopia, storing people's electronic secrets free from any government interference. How do these brave new seaworlds stack up?
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