Individuals are legally allowed to own Moon property in international law, say the two legal scholars familiar with the details of the law of outer space, and the establishment of Lunar property rights requires financial resources for the eventual settlement of the moon.
According to the authors Dave Wasser and Douglas Jobes Space settlement Institute, Outer Space Treaty of 1967 forbid countries from land claims made by private organizations that collect funds to pay for future lunar exploration and settlement initiatives.
"Nations might recognize land property claims made by private space settlements without being guilty of national appropriation or any other infringement of the Treaty," write Wasser and Jobes. Their report appears in a recent issue of SMU Journal of Air Law and Commerce, published by Southern Methodist University.
An organization doing what they suggest Wasser and Jobes is Lunar International. System of the company selling Lunar land credits to finance the lunar exploration allows regular citizens buried owned their own Moon. Should the Group succeed in his efforts, who bought the claims of Earth through Lunar International would enjoy full rights of ownership of their slice of real estate on the moon.
"The sale of private property rights is the only realistic means through which humanity to explore and solve the Moon," says Jackson James Moon, President and chief officer of Lunar International. "It is not reasonable to suggest that Governments will never be able to overcome the constant political pressure to allocate the necessary funds to these projects."
According to Wasser and Jobes, systems such as that developed by the International Lunar could spark massive private investment that would lead to the creation of permanent settlements. James agrees, noting that the purchase of the property of the Moon through Lunar International have almost tripled during the first quarter 2009 compared to the same period of 2008. The company offers proprietary claims to land on the Moon in different geographic regions, including the famous mare tranquillitatis where man first stepped foot on the Moon, starting at less than $ 20 an acre.
The system established by the International Lunar is not unlike those used to colonize the United States some centuries ago, said James.
"People are buying credits Lunar Earth pioneers today," said James. "They dream of a better future for themselves and their children, and understands the importance of developing settlements into space to protect ourselves against disasters buried as nuclear war and radical climate change".
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