How can you earn money on a seastead?
Seastead residents can earn money in a variety of ways. Just as in any land-based city, there will be demand for internal services—plumbers and hairdressers, schoolteachers and doctors. Other seasteaders will market goods to external markets. Here are just three examples of ways people could earn a living aboard a seastead:
Resorts—Many people go to Club Med and cruise ships with no real intention of ever leaving the facilities. A luxury seastead resort could be tailored to meet the needs of these people. Floating luxury resorts have been profitable for decades, as evidenced by the cruise ship industry. These ships produce nothing, import all their food, water, and fuel, and still turn a profit. About 10 million people a year take cruises, resulting in about $17B in revenue for the industry. This gives us good reason to expect that a floating resort could be a profitable business model as well. Although the number of people willing to spend a few weeks each year on a seastead is far greater than the number willing to drop everything and devote their lives to it, these seasonal opportunities may still open doors to more permanent industries and occupations.
Aquaculture—Farming fish in giant nets near a seastead holds considerable promise. Currently, aquaculture is more feasible nearer to shore. But with the advent of seastead platforms and associated technologies, many fish can be raised in the open ocean – which may more closely resemble their natural habitats.
Medical tourism—Government bureaucracy is a major barrier to medical and biotechnological advancement. The FDA has historically been slow to approve new medical treatments, and promising improvements in areas such as stem-cell research have been retarded by government policy. Seasteads would provide an excellent place for cutting-edge medical research and treatment.
As you can see, there are a variety of business possibilities for seasteads. These are just a few of the potential industries that are likely to form. As seasteads flourish, the number of industries and job opportunities will increase.
Posted in: Living, Economy, Business
Posted on January 20, 2012 at 2:17 am