While the whole world is discussing the huge gap between the poor and the rich due to income inequality, a proposal came from some economists today that will spark interesting and new discussions. In its new report, the neoliberal think tank Adam Smith Institute suggested that our moon, our moon, should be ‘privatised’. The rationale for this idea was the idea that the privatization of the Moon would ‘strengthen the global economy’.
The report, written by research economist Rebecca Lowe, suggested that dividing the Moon into plots of land and assigning it to countries for lease to businesses would stimulate the economy. It was also stated that the privatization of the Moon will also support space tourism and exploration.
“Will provide huge benefits that go beyond financial rewards”
Lowe explained the pros of privatizing the Moon:
Space property rights A clear and morally correct and efficient system for distributing and managing will yield huge benefits for people who will own property that go beyond financial rewards. Such a system would foster responsible management of space, as well as opportunities for new scientific exploration and democratic space exploration.
So how will the ‘fair’ distribution of rights be made?
In the final section of his report, Lowe shared a framework that will enable individuals to acquire morally correct property rights in space, with a particular focus on lunar soils. According to Lowe, this framework has the features to enable lunar lands to be distributed and operated ‘in a way that benefits both the individual and humankind’.
On the other hand, the framework in which it is stated that everyone will have equal rights to own land is based on the lease of land. The framework, which states that individuals will fight each other for the Moon lands and this struggle will be experienced in the ‘paying the rent’ part, says that the amount of rent will depend on supply and demand. It is said that those who rent the land will also have all the income from the land.
So where do the tenants pay this rent? The framework’s response is to pay the rent to a resource that will enable more people to compete for lunar land. The framework argues that this will increase the number of people in this field, where few people can compete today.
This system, which is said to provide economic ’empowerment’ and which will potentially increase the gap between the rich and the poor hundreds of times, has a major obstacle for now: The Outer Space Treaty, which was prepared by the United Nations in 1967, currently states that countries and individuals are in space. forbids him to own property.
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