The new report, published by the Adam Smith Institute, argued that the Moon should be privatized in order to ‘strengthen the global economy’. Rebecca Lowe, who wrote the report, shared a ‘framework’ for this system, whose lands can be rented as a result of privatization.
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. Neoliberal think tank Adam Smith Institute, in its new report, suggested that our satellite, the Moon, should be ‘privatized’. The rationale for this idea is the privatization of the Moon.will strengthen the global economy‘ was the idea.
The report, written by research economist Rebecca Lowe, states that the Moon is divided into plots of land for lease to businesses. appointment to countries will stimulate the economy threw it out. It was also stated that the privatization of the Moon will also support space tourism and exploration.
“It will provide huge benefits that go beyond financial rewards”
Lowe explained the pros that will come with the privatization of the Moon as follows:
To distribute and manage property rights in space a clear and morally correct and efficient systemwill provide huge benefits that go beyond financial rewards for the people who will own the property. 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 is a ‘in a way that benefits both the individual and mankind‘ has the features to enable it to be distributed and operated.
On the other hand, the framework in which it is stated that everyone will have equal rights to own the land is based on the lease of the land. The framework stating that individuals will fight each other for lunar lands and that this struggle will be experienced in the ‘pay the rent’ part, the amount of rent will depend on supply and demand. says. 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? If the framework’s answer is rent, for lunar lands paid to a resource that will enable more people to compete towards. 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 United Nations prepared in 1967. Outer Space Treatycurrently prohibits countries and individuals from owning property in space.
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