Science and Technology|What If Asteroid Mining Becomes A Reality Now?

Reference: http://scholarship.law.nd.edu/ndjicl/vol6/iss1/15/ Outer Space Treaty: https://www.state.gov/t/isn/5181.htm Asteroid mining will no longer be a fantasy of comic books and science fictions in the near future. Science and technology have rapidly developed to enable us to find out the important minerals in asteroids that can be used to produce electronic devices on earth, and support space travel outside earth. If enough investments can be placed in this adventure, resources extracted from asteroids can be used to refuel space shuttles after they have left earth and dramatically decrease the cost of asteroid mining. Currently there are already several large corporations making investments in it with the support from their governments. The other side of this huge opportunity is the extreme danger in it. Because currently there is only one effective treaty that regulates space exploration, which is the Outer Space Treaty, and there is a loophole in this treaty that allows corporations or individuals to claim territories in outer space, this opens possibilities for national governments to control territories in space through the corporations under their regime. If each country passes its own laws to allow its corporations to have property rights to the asteroid they mine, then what happens if one corporation from China and another one from the U.S. both mine the same asteroid in space? If we use the old way of colonization in space, then we will have endless wars to fight, because of the huge number of asteroids out there. That is why asteroid mining can be a disaster for human civilizations, and why new international space law is necessary to asteroid mining. Attributions by order of appearance: Launch of Apollo 15: By NASA [Public domain], via WIkimedia commons STS115_Atlantis_undock_ISS.jpg: NASA derivative work: The High Fin Sperm Whale (STS115_Atlantis_undock_ISS.jpg) [Public domain], via Wikimedia Commons Dawn spacecraft in asteroid belt.jpg: By NASA [Public domain],via Wikimedia Commons 433eros.jpg: By NASA/NEAR Project (JHU/APL). [Public domain], via Wikimedia Commons