Ralph Buttigieg condemns Malcolm Fraser's decision to ratify the "straight on Marxism" of the Moon Treaty, and discusses how its damaging effects will increase in the years to come:
Its been known for decades that there are vast resources in Space. Asteroids contain nickel, iron and platinum group metals. The Moon has He3, an isotope that could fuel nuclear fusion reactors. Lighter elements and water are also available. These minerals could provide humanity with extraordinary abundance. Previously the idea of extraterrestrial mining has been seen a pure speculation but recently that speculation has taken a major step towards reality. In April a high powered team of entrepreneurs announced the formation of Planetary Resources a company that has asteroid mining as its goal. Its founders include film maker-explorer James.Cameron, X-Prize founder Peter Diamandis, Google executives Larry Page, Ram Shriram and Eric Schmidt, former Microsoft executive and veteran astronaut Charles Simonyi, and Ross Perot Jr., the son of Ross Perot. These are serious men with serious money, the project has to be taken seriously.
Australia has a long mining history so so it was to be expected that Australians have started taking an interest. Leonhard Bernold from the University of New South Wales has given much thought as to how to mine the Moon and deal with the dust problem. Duncan Steel again from University of NSW has explained the role local astronomers can play in such ventures. However despite what ever comparative advantage Australians may have , its really beside the point because Malcolm Fraser shut the door on Australian Space development years ago.
Space is not some fantasy filled with Angels and Klingons . People need to remove the restriction of the “Only One Earth” thinking and remember that the planets and moons of our Solar System are new territories available for economic development and eventual settlement. Conceptually they are no different the New Worlds of the Americas and Australasia. However there's not going to be much economic development without a functioning market and a market economy requires property rights . When Captain Cook came to Australia the first thing he did was raise the Union Jack and claim the territory for King George 3rd . So when Governor Phillip came here with the First Fleet land titles could be allocated. Titles that would be recognised anywhere in the British Empire. Traders need to own something for them to trade it. Developers need to own title to land to raise capital and develop it. In my view its the lack of Space property rights that's has held up Space development.
There are two international treaties relevant here. Firstly there's the Treaty on Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and Other Celestial Bodies of 1967, commonly called the Outer Space Treaty which most countries have signed. That treaty forbids nations claiming sovereignty over extra terrestrial bodies and thereby bans the most time tested way of establishing property rights. There's some dispute if this treaty completely bans property rights, some lawyers say it does others say it does not. However it does not explicitly say private property is banned. In fact if space organisations such as NASA have taken legal action to get back Apollo Moon material which they claimed to own.
Some people have been happy to work with the Outer Space Treaty and have developed schemes to establish Space property rights.. Rand Simberg from the Competitive Enterprise Institute has propose a plan that would allow the development on Lunar and Martian resources without huge government funding.
However its another treaty that the real killer. The Agreement Governing the Activities of States on the Moon and Other Celestial Bodies of 1979, commonly called the Moon Treaty specifically forbids property rights.
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