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posted by cmn32480 on Friday November 27 2015, @01:38AM   Printer-friendly
from the space-mining dept.

An event of cosmic proportions occurred on November 18 when the US congress passed the Space Act of 2015 into law. The legislation will give US space firms the rights to own and sell natural resources they mine from bodies in space, including asteroids.

Although the act, passed with bipartisan support, still requires President Obama's signature, it is already the most significant salvo that has been fired in the ideological battle over ownership of the cosmos. It goes against a number of treaties and international customary law which already apply to the entire universe.

The new law is nothing but a classic rendition of the "he who dares wins" philosophy of the Wild West. The act will also allow the private sector to make space innovations without regulatory oversight during an eight-year period and protect spaceflight participants from financial ruin. Surely, this will see private firms begin to incorporate the mining of asteroids into their investment plans.

The act represents a full-frontal attack on settled principles of space law which are based on two basic principles: the right of states to scientific exploration of outer space and its celestial bodies and the prevention of unilateral and unbridled commercial exploitation of outer-space resources. These principles are found in agreements including the Outer Space Treaty of 1967 and the Moon Agreement of 1979.

I learned everything I need to know about asteroid mining from Rip Foster. [Read it at Project Gutenberg. -Ed.]

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  • (Score: 3, Insightful) by Anonymous Coward on Friday November 27 2015, @04:09AM

    by Anonymous Coward on Friday November 27 2015, @04:09AM (#268517)

    Yes, treaties until they become inconvenient.

    Be a part of universal human rights treaties and then waterboard people whenever needed, in any number. And burn people alive with yellow phosphorus. Extra-judicial killings... The list goes on and on.

    Americans signing their treaties is of no consequence other than to keep someone busy while fully knowing that they totally intend to break them when the time comes. There is no trust in American promises. At all.

    You've got to ask if someone signed a treaty, mustn't they abide by it? Shouldn't there be consequences if they don't? Shouldn't the world move away from the American dollar as the reserve currency? There is hardly any value left in it anyway.

    Sometimes, there is a beneficial side effect, such as the downfall of the National Socialist government

    That is your opinion. And your are entitled to it, even if it is wrong and misguided.

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  • (Score: 0) by Anonymous Coward on Friday November 27 2015, @04:52PM

    by Anonymous Coward on Friday November 27 2015, @04:52PM (#268711)

    You are saying that beating the Nazis was not the right thing to do?