We believe that a realistic approch to the difficult problem of nation-founding must be incremental. Large, successful things usually start out small and expand organically, rather than springing forth full-formed like Athena from the brow of Zeus. Rome wasn't built in a day and a succesful business leverages each stage into the next. Big things (cruise ships, skyscrapers, factories) do get built all at once at times, but they are almost always proven concepts that were first demonstrated successfully on a smaller scale. For example, we bet that the first multistory building had exactly 2 stories. In our case, if there was a nation-founder with the financial resources to jump the intermediate stages and create a vast floating city, it would already exist. After all, there are plenty of people ready to design and build one as soon as the multi-billion dollar check gets cut. Since no such deus ex machina appears to be forthcoming, we recommend humbler methods.
Source: http://seastead.org/commented/paper/why.html#We_believe_that_a_realistic_approch_to_the_difficu