Huge old governments are less able to innovate and try new things. Small, newer nations can try new things, see if they work, and the rest of the world will follow. It happens all the time.
Patri Friedman and Brad Taylor have published an academic paper making the case for seasteading from a public choice perspective. Patri presented a working version of it via video to the Australasian Public Choice Conference held in New Zealand.
The paper can be read here. Feedback is much appreciated!
Here’s the abstract: