Is it time to build floating cities?

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Triton

credit: R. Buckminster Fuller

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Buckminster Fuller's Triton

Bucky Fuller designed a floating city for Tokyo bay in 1961. He described it:

Three-quarters of our planet Earth is covered with water, most of which may float organic cities. Floating cities pay no rent to landlords. They are situated on the water, which they desalinate and recirculate in many useful and non-polluting ways. They are ships with all an ocean ship's technical autonomy, but they are also ships that will always be anchored. They don't have to go anywhere. Their shape and its human-life accommodations are not compromised, as must be the shape of the living quarters of ships whose hull shapes are constructed so that they may slip, fishlike, at high speed through the water and high seas with maximum economy.