Planetary Resources Kickstarter Meets Its Initial Goal

While (I believe) current space treaties prohibit any COUNTRIES from claiming planetary bodies, it is not clear if a an individual or company can claim the resources on them.

The U.N. should allow (and someday protect and enforce!) property rights.

This might open up a huge wave of investment and exploration. Say (perhaps like shipwreck salvage rights) one could claim the exclusive mineral rights to a (piece of a) celestial body. Even if it weren't permanent, like only a 100 year lease, many people might be tempted (look at what the British did with Hong Kong; their administration help turn it from a fishing port into one of the world's great cities even though they knew they'd have to give it back to the Chinese. So a completely regulation/tax free environment on an asteroid might be useful (once prices to LEO become more reasonable, go Space X!).

This has been mentioned as one of the possible ways to help get Africa out of its misery, if property rights could be accurately (right now it's a complete mess) determined and assigned it would become a source of capital that their people could buy and sell; in short it would open up a huge source of capital. Along with the proper controls (I know, that's the big problem) it could permanently stimulate their economies in a big way. (I understand the Chinese, in order to lock down property boundaries in their rural districts have been using google maps and satellite photos. Once properly recorded the villagers and make transactions confident in knowing that they have enforceable contracts).

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/0Ke-zrPU3Ss/story01.htm

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