The Chinese will dela with the 1967 Treaty on the Exploration and Use of Outer Space as have with any other treaty. It is easy to withdraw from it. They may well plan to withdraw, once they have the advantage.
In the meantime, the treaty totally inhibits any venture from raising capital by putting gigantic leal risks into the mix. No private venture can raise enough capital to pull off a profitable mission. As a result, we get exploding shuttles with eco friendy foam and the promise of future Solyndras in space. Nobody will do it right until you get capitalists involved.
The Carter administration was in favor of approvung the treaty. But with the election of Ronald Reagan the Moon Treaty is a “dead issue,” according to administration officials and Congressional sources. President Reagan does not plan to submit the treaty for ratification to the Senate and, even if he did, there is a consensus that the Foreign Relations Committee would not pass it. “The danger is over,” said one informed Senate source. “It’s not going anywhere so nobody has to worry about it.”
The disputed treaty is formally known as the “Agreement Governing the Activities of States on the Moon and Other Celestial Bodies.” It was adopted by the U.N. General Assembly without opposition and without vote in December 1979. Before it becomes legally binding for the U.S., however, the Moon Treaty would need to be signed by Reagan and ratified by the Senate.
"We didn't truly know the dangers of the market, because it was a dark market," says Brooksley Born, the head of an obscure federal regulatory agency -- the Commodity Futures Trading Commission [CFTC] -- who not only warned of the potential for economic meltdown in the late 1990s, but also tried to convince the country's key economic powerbrokers to take actions that could have helped avert the crisis. "They were totally opposed to it," Born says. "That puzzled me. What was it that was in this market that had to be hidden?"
|"Nobody will do it right until you get capitalists involved. "
Meanwhile, in reality land, err, Sea..
How does The Company's newspeak dictionary define "unsuccessful", hmmm?