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The Competitive Enterprise Institute has released a new study by Adjunct Scholar Rand Simberg: Homesteading the Final Frontier: A Practical Proposal for Securing Property Rights in Space. Simberg argues that the U.S. should recognize transferable off-planet land claims under conditions such as those outlined by the proposed Space Settlement Prize Act, which Simberg renames the Space Homesteading Act.
A legal private property regime for real estate on the Moon, Mars, and asteroids could usher in a new era of space exploration at little or no cost to the U.S. government. As the study explains, space is rich in valuable resources. But without off-planet property rights, investors have little incentive to fund space transportation or development.
Simberg proposes that the U.S. begin to recognize off-planet land claims of claimants who
A) establish human settlements on the Moon, Mars, or other bodies in the solar system;
B) provide affordable commercial transportation between the settlement and Earth; and
C) offer land for sale.
Originally posted by DJW001
it would also allow extremely large corporations to monopolize off world resources without any regulatory oversight.
The United States cannot do this unilaterally in any event; only an international treaty can guarantee that these rights will be respected by other nations and private parties that are not based in the United States. A unilateral recognition of extraterrestrial property rights would inevitably lead to legal and, perhaps armed, conflict. Anyone have a strong feeling about this study?
Oh yeah like we all just have a few trillion dollars lying around to build an unproductive little dome settlement on the moon.
There is sooo much on Earth that still needs to be explored from our oceans, to our forests. Instead of building settlements on the moon why not terraform the deserts and build there?
Property rights in space is economic progress, and it's irrelevant whether another country wants to respect property rights in space or not, that's the purpose of defense, whether provided privately or contractually.
I have no doubt that with enough development, asking for the state's permission will be a thing of the past because settlement + homesteading = incentive for security services to be sought.
Originally posted by DJW001
Why do I get the feeling you're planning on going into the Space Mercenary business?
This is a great idea. Better now then after a private company already establishes itself; What a political/legal mess that will be. We need to start building a legal framework around space and non-earth land specifically BEFORE it happens. Now is the right time.
offer land for sale
Land to which title is not owned but has been taken from the rightful owner (maybe) - Martians, Moon beings, prior Alien claimants, God, some race of which we currently know nothing, etc.