Isn't that basically privateering in the 21st century? In other words, you're safe from the country that's sponsoring you, but obviously that protection doesn't extend to other countries.

> Isn't that basically privateering in the 21st century

It's basically a "letter of marques and reprisal".

"A letter of marque and reprisal[a][b] was a government license in the Age of Sail that authorized a private person, known as a privateer or corsair, to attack and capture vessels of a foreign state at war with the issuer, licensing international military operations against a specified enemy as reprisal for a previous attack or injury. Captured naval prizes were judged before the government's admiralty court for condemnation and transfer of ownership to the privateer."