Rees-Mogg, in The Sovereign Individual, assumes that it is impossible to reform a large nation-state so that it protects individual liberties appropriately. He predicts that Internet technology will develop to the point that assets and privacy can be protected cheaply from anywhere in the world. He suggests that a number of mini-states will arise offering citizenship "packages" to wealthy or merely well-off sovereign individuals. He cites Hong Kong and Switzerland as examples of highly efficient, extremely prosperous regimes where an individual can now or soon will be able to purchase the protection he needs from the activities of the welfare/warfare nation-states that dominate the world.
I think he's right in that the project of coming up with a scheme to protect individual rights in a large democracy is a fool's quest. What's important is to develop a strategy to protect one's own interests, as one does not owe anything to others. If one could realize Galt's Gulch, why worry about the rest of the world reeling along on its merry destructive way?
Maybe I can construct my own mini-state somewhere near Trebizond/Trabzon.