yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Will Mars Be a World Without Laws? | MARS


2m read
·Nov 11, 2024

Law works because it's effectively backed up by a state, and that kind of breaks down in space a little bit. The whole legality of who owns what is going to fill volumes. There are international treaties that relate to space. The UN Outer Space Treaty 1967 says space is the common heritage of man and that there can be no claims of national sovereignty or appropriation.

But we also have a bill that we put through Congress to the President signed recently that says open if you go to bars and you establish a camp, you can own them or you mine metals there, you can own those metals. Well, there's no international agreement on that at all, so who owns those resources? Those are kind of gray areas that will need to be developed.

These are very, very old rules. The idea of who owns what out in space, you just apply the same rules as we have now. If I go out into international waters, no country owns that, no territory owns that, there's no authority over it. But if I pull a fish out of the ocean, it's my fish. But you can come up in your boat and pull a fish out of the same spot of the ocean, that's your fish.

If you're a commercial venture and you go out and light an asteroid, that's yours because you went and got it. But the people who ultimately end up owning the territory on Mars will not be countries on Earth, it'll be the people who live there. And they're like, we didn't sign that treaty. Mars is likely to be a lot like the Wild West.

Who is going to stop somebody if there's a private company that wants to go on the opposite side of Mars and they want to just drill into the side of Mars and see what they can find? Who's gonna stop them? No, there's not gonna be anybody to stop them. You're a homesteader on Mars, and someone comes and starts homesteading in your backyard. No state is going to be able to support your claim.

So it might have a very, you know, kind of an old-school way of dealing with that. It was the same way in the American West; law enforcement was the last thing to arrive, rules were the last thing to arrive, justice was the last thing to arrive. Mars is likely to become very much an unruly place.

More Articles

View All
Michael Burry Just SHORTED Tesla Stock!
[Music] Hey guys, welcome back to the channel! Got an exciting bit of news to talk about today. Um, controversial, definitely controversial. Michael Burry is shorting Tesla stock. So, Michael Burry, you guys probably know him from “The Big Short.” He’s …
Formula for first term in Fourier Series
Several videos ago, we introduced the idea of a Fourier series. I could take a periodic function, we started with the example of this square wave, and I could represent it as the sum of weighted sine and cosine functions. Then we took a little bit of an i…
How To Get Rich According To Jay Z
There are a million ways to make a million dollars, and this is one of them. You guys asked for it, so here’s how to get rich according to Jay-Z, the rap industry’s first billionaire. Jay-Z is at the moment worth a staggering 2.5 billion US Dollars. Smart…
Ray Dalio On The Biggest Failure of His Career
So you had this huge failure after being wildly successful very early on in your life. You had to borrow $4,000 from your parents, and he started to reflect on this, and he came up with this very interesting principle: pain plus reflection is equal to pro…
Jessica Livingston Shares 9 Things She Learned From Founding YC
Thank you all for braving this heatwave and coming here on a Saturday afternoon. We’re really excited. This is actually the fifth year we’ve done the Female Founders Conference and our first time in New York, so I’m very happy to be here and have you all …
Immigration and migration in the Gilded Age | Period 6: 1865-1898 | AP US History | Khan Academy
Here’s a graph showing the population growth in four US cities from 1860 to 1900. In 1860, before the Civil War, New York City was the biggest city in the United States, but even it didn’t have more than a million people. There wasn’t a single city of mor…