Well, I'm just shocked--shocked, I tell you--to hear that Galt's Gulch didn't pan out.
"In Rand’s novel the great, throbbing “motor of the world” (it’s made of executives, remember?) retreats to an Atlantis-like idyll known as “Galt’s Gulch.” Without their ingenuity and drive the nation descends into chaos, leading many long pages later to their triumphant return and anointment as leaders of a new libertarian order. Which gets us to the fraud charges now swirling around a venture called “Galt’s Gulch of Chile.” Its website is currently down, but it’s still being promoted as a real-world retreat for the world’s movers and shakers. “Yes, you read that right,” the organizer chirps cheerily. “Those who become one of GGC’s Founders will be paid back … within three years of the consummation of their Founders Club participation (please contact GGC for the fine print and T&Cs). In what should be an unsurprising outcome, it didn’t turn out very well. That news comes (via Metafilter and Gawker) from a blogger named Wendy McElroy, who writes that she bought some property in Galt’s Gulch with her husband and then learned that it never had legal rights to the property in the first place. A visit to Chile revealed that many of the area’s local vendors had also been defrauded by the Galtians."