{"id":324,"date":"2017-02-24T08:28:30","date_gmt":"2017-02-24T13:28:30","guid":{"rendered":"http:\/\/groundbasedspacematters.com\/?p=324"},"modified":"2017-02-24T08:34:58","modified_gmt":"2017-02-24T13:34:58","slug":"the-past-the-future-and-stateless-property-rights","status":"publish","type":"post","link":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/","title":{"rendered":"The Past, The Future, and Stateless Property Rights"},"content":{"rendered":"<p>Yesterday&#8217;s Wall Street Journal contained a charming\u00a0 <a href=\"https:\/\/www.wsj.com\/articles\/notable-quotable-the-birth-of-credit-reports-1487806834\">mention of the birth of the credit report<\/a>. What does this have to do with space law? It provides another example\u2014albeit in the context of extending credit\u2014of private information exchange and its effects on a commercial actor\u2019s reputation to bolster Alex Salter\u2019s proposal for a purely private legal system for space commerce. Such a system could make up for any lack of government enforcement of <em>private<\/em> property rights arising out of a popular but probably incorrect interpretation of Article II of the Outer Space Treaty.<\/p>\n<p>Salter, as <a href=\"https:\/\/groundbasedspacematters.com\/index.php\/2016\/10\/28\/ordering-the-cosmos-private-law-and-celestial-property-rights\/\">described here<\/a> last October, focused on the fact that, while it might behoove a barbarian to take another person\u2019s stuff, for those engaged in commerce, and particularly for those who have self-selected for the patience to engage in space commerce, the \u201cdiscipline of continuous dealings\u201d will lead to more civilized behavior. The barbarian scenario is limited in that it assumes a one-time interaction between the two parties, which is not realistic. In real life, there should be multiple interactions over a lifetime, making vital the need for cooperation and dealing with other players properly. He points to the reputational effects of dealing badly and describes private medieval merchant courts as an example of voluntary private law.<\/p>\n<p>The WSJ outtake reminded me of his thoughts on reputation when it quoted from <a href=\"https:\/\/www.amazon.com\/Culture-Credit-Embedding-Transparency-American-ebook\/dp\/B007OWQXCG\/ref=sr_1_1?ie=UTF8&amp;qid=1487860977&amp;sr=8-1&amp;keywords=a+culture+of+credit+olegario\">A Culture of Credit<\/a>, by Rowena Olegario:<\/p>\n<blockquote><p>In the late eighteenth century, attempts to improve the flow of information led English mercantile and retail creditors to band together into trade protection societies. \u2026<\/p>\n<p>[T]he Society of Mutual Communication for the Protection of Trade\u00a0.\u00a0.\u00a0.\u00a0proved longer lasting.\u00a0.\u00a0.\u00a0.\u00a0The society\u2019s constitution expounded two principles that lay at the heart of all trade protection societies: \u201cEvery member is bound to communicate to the Society without delay, the Name and Description of any Person who may be unfit to trust, for the security and satisfaction of the other Members; and shall, on all occasions, impart, without reserve, any information that may be solicited by any of the members.\u201d<\/p><\/blockquote>\n<p>Talk about ensuring reputational effects for poor behavior.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yesterday&#8217;s Wall Street Journal contained a charming\u00a0 mention of the birth of the credit report. What does this have to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":true,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-324","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Past, The Future, and Stateless Property Rights - Ground Based Space Matters<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Past, The Future, and Stateless Property Rights - Ground Based Space Matters\" \/>\n<meta property=\"og:description\" content=\"Yesterday&#8217;s Wall Street Journal contained a charming\u00a0 mention of the birth of the credit report. What does this have to&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\" \/>\n<meta property=\"og:site_name\" content=\"Ground Based Space Matters\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-24T13:28:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-02-24T13:34:58+00:00\" \/>\n<meta name=\"author\" content=\"Laura Montgomery\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Montgomery\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\"},\"author\":{\"name\":\"Laura Montgomery\",\"@id\":\"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/03ef87affa9138c578663639f4af45be\"},\"headline\":\"The Past, The Future, and Stateless Property Rights\",\"datePublished\":\"2017-02-24T13:28:30+00:00\",\"dateModified\":\"2017-02-24T13:34:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\"},\"wordCount\":361,\"commentCount\":0,\"articleSection\":[\"uncategorized\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\",\"url\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\",\"name\":\"The Past, The Future, and Stateless Property Rights - Ground Based Space Matters\",\"isPartOf\":{\"@id\":\"https:\/\/groundbasedspacematters.com\/#website\"},\"datePublished\":\"2017-02-24T13:28:30+00:00\",\"dateModified\":\"2017-02-24T13:34:58+00:00\",\"author\":{\"@id\":\"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/03ef87affa9138c578663639f4af45be\"},\"breadcrumb\":{\"@id\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/groundbasedspacematters.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Past, The Future, and Stateless Property Rights\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/groundbasedspacematters.com\/#website\",\"url\":\"https:\/\/groundbasedspacematters.com\/\",\"name\":\"Ground Based Space Matters\",\"description\":\"SPACE LAW AND POLICY\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/groundbasedspacematters.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/03ef87affa9138c578663639f4af45be\",\"name\":\"Laura Montgomery\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/17139e93c1e5d9ae1386274fba9dfaad5cfde444e9129ed54b43ba53c8ecb921?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/17139e93c1e5d9ae1386274fba9dfaad5cfde444e9129ed54b43ba53c8ecb921?s=96&d=mm&r=g\",\"caption\":\"Laura Montgomery\"},\"url\":\"https:\/\/groundbasedspacematters.com\/index.php\/author\/lmontgomery\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Past, The Future, and Stateless Property Rights - Ground Based Space Matters","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/","og_locale":"en_US","og_type":"article","og_title":"The Past, The Future, and Stateless Property Rights - Ground Based Space Matters","og_description":"Yesterday&#8217;s Wall Street Journal contained a charming\u00a0 mention of the birth of the credit report. What does this have to&hellip;","og_url":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/","og_site_name":"Ground Based Space Matters","article_published_time":"2017-02-24T13:28:30+00:00","article_modified_time":"2017-02-24T13:34:58+00:00","author":"Laura Montgomery","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Laura Montgomery","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#article","isPartOf":{"@id":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/"},"author":{"name":"Laura Montgomery","@id":"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/03ef87affa9138c578663639f4af45be"},"headline":"The Past, The Future, and Stateless Property Rights","datePublished":"2017-02-24T13:28:30+00:00","dateModified":"2017-02-24T13:34:58+00:00","mainEntityOfPage":{"@id":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/"},"wordCount":361,"commentCount":0,"articleSection":["uncategorized"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/","url":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/","name":"The Past, The Future, and Stateless Property Rights - Ground Based Space Matters","isPartOf":{"@id":"https:\/\/groundbasedspacematters.com\/#website"},"datePublished":"2017-02-24T13:28:30+00:00","dateModified":"2017-02-24T13:34:58+00:00","author":{"@id":"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/03ef87affa9138c578663639f4af45be"},"breadcrumb":{"@id":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/groundbasedspacematters.com\/index.php\/2017\/02\/24\/the-past-the-future-and-stateless-property-rights\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/groundbasedspacematters.com\/"},{"@type":"ListItem","position":2,"name":"The Past, The Future, and Stateless Property Rights"}]},{"@type":"WebSite","@id":"https:\/\/groundbasedspacematters.com\/#website","url":"https:\/\/groundbasedspacematters.com\/","name":"Ground Based Space Matters","description":"SPACE LAW AND POLICY","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/groundbasedspacematters.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/03ef87affa9138c578663639f4af45be","name":"Laura Montgomery","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/groundbasedspacematters.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/17139e93c1e5d9ae1386274fba9dfaad5cfde444e9129ed54b43ba53c8ecb921?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/17139e93c1e5d9ae1386274fba9dfaad5cfde444e9129ed54b43ba53c8ecb921?s=96&d=mm&r=g","caption":"Laura Montgomery"},"url":"https:\/\/groundbasedspacematters.com\/index.php\/author\/lmontgomery\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7TWJG-5e","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/posts\/324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/comments?post=324"}],"version-history":[{"count":5,"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/posts\/324\/revisions"}],"predecessor-version":[{"id":329,"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/posts\/324\/revisions\/329"}],"wp:attachment":[{"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/media?parent=324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/categories?post=324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/groundbasedspacematters.com\/index.php\/wp-json\/wp\/v2\/tags?post=324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}