Timing… If this had preceded the End of Year Message, that whole negative conversation would have been different.
Some problems I see include the supposedly favorable comparison to HOAs. I can’t say what anyone else has experienced, but my own personal experiences with 1 HOA has soured me on HOAs and anything similar, such as the Condo model. Rather than buy in, my preferrence is to buy OUT, but that is based on my experiences, which sets up a precedence for my critical view of the limitations and interactions, when it should be cooperation instead of by enforcement of rules that don’t make sense. People are what’s important. When we went through the whole process of taking care of my failing Father-in-law, the HOA, rather than coming together as a community, chose to get nasty, fining us left and right for not mowing as often, and not being able to paint, simply because we didn’t HAVE the resources, or even time to commit to labor, to DO those things. Rather than being an inclusive community, they chose to chase us out, yet they took the opposite approach with other elderly and ill members of the very same HOA, at the same time.
That said, the better understanding of the way the legal system is setup in Dubai does make for an interesting proposition, for TSI and those wanting the floating condo-city there.
One problem I see with the desire of some to merely move to the spots outside EEZs and declaring a new nation-state, is the need to create some sort of charter agreement with all of the countries that border that small zone. Not just a non-interference pact, but something that also states how much of the surrounding waters the new floating state will be allowed to use. Especially with regard to EEZ status and borders. By convention, an EEZ is 200 miles from the shore, but try taking away a chunk of that EEZ, and we’ll be up against a wall and under attack from all sides.
As Mr. Bell stated, and well worth mentioning is that these new zones are still subject to national governance, and they are not going to suddenly allow a New-New-Amsterdam and create a drug-den in their midst. New legal modes will have to agree with the general customs, laws and practices of the host nation.