This website uses cookies to ensure you have the best experience. Learn more

Asteroid Mining Essay

2289 words - 10 pages

The issue of asteroid mining used to seem out-of-this-world metaphorically and literally, but today, the issue is slowly becoming reality. As technology and research progress, the pros and cons of asteroid mining have become more apparent. One issue is the way minerals and metals from asteroids will be treated on the market because first, a company or industry must “claim” an asteroid as theirs for mining. Therefore the questions start appearing, is that ethical, moral, legal? By looking at the gasoline extraction industry and comparing it to the asteroid mining industry, hopefully it will give humanity a glimpse of what could happen if asteroid mining ensues.
To better understand the ...view middle of the document...

” If a non-renewable resource such as water starts to deplete, our entire civilization would be devastated and face severe consequences. “Experts have established that asteroids contain sufficient resources to support a population a million times greater than earth” according to the Asteroid Mining Group. Therefore asteroid mining is an option to be considered. Only one case has been done so far and that was in 2010, when Japan sent Hayabusa to take mineral samples from an asteroid named Itokawa. Since technology is bringing us more exploration outside of earth, how will asteroid mining effect daily life?
Karl Polanyi in an excerpt from his book, The Great Transformation, describes how our world is based off of markets. A market is a willing exchange, with limited goods and services, and happens anywhere where there is a demand. Today, we live in a market economy which is an economic system controlled, regulated, and directed by market prices. Since the worlds resources are slowly depleting, there may be a demand for the minerals and metals extracted from asteroids. Sold on markets are commodities, which are goods produced for sale, but minerals and metals are not commodities because no one produced them. Therefore, Polanyi says that the extracted minerals and metals would be treated as fictitious commodities and be bought and sold on the market because there is a demand for them. These minerals and metals would join other land, labor, and money in the category of fictitious commodities which are structurally and culturally important to society. Since water would be included in the minerals being extracted from asteroids and our water is depleting on earth, is it right to treat water as a commodity? Michael Walzer, a philosopher, talks about how money should not be used to buy anything that humans require for survival. Water could be the difference between life and death in the future, therefore water should be on a blocked exchange list, which is items or exchanges that should never be performed, like buying a friend. However, to even discuss the market for minerals and metals of asteroids, who owns them to exchange?
In the debate of selling the minerals and objects from asteroids, the question of property comes into play. Locke, Hume, Rousseau, and Marx all have theories on private property verses common property and can help the world come to an agreement of who the minerals and metals should be property of. John Locke discussed in the 17th century that God gave the land and natural resources to every single human being. Therefore, he says it is our common right to not be excluded from the land. Then he begins to say that since humans own their body, they own their activities such as labor. He says that when you put your labor into an object in nature, it becomes your own. Locke gives an example of an apple, describing that if you pick an apple off of a tree, that apple becomes your property because you performed the object of taking it off...

Find Another Essay On Asteroid Mining

Nuclear weapons uses and problems Essay

1804 words - 8 pages were a major issue that led to deformities in children from the exposure of the parents. Recently, cancer has been connected to radiation and nuclear testing along with the mining of the mineral uranium which is the main ingredient required in making anything nuclear (“Cancer in people”, 2011). This mineral in itself is very unstable along with the other minerals in nuclear bombs which make it very dangerous to deal with in the first place

The Unearthing of Palladium Essay

1530 words - 7 pages inevitably brought the presence of platinum to the attention of the world. During the 1560s, amidst a time period during the Spanish conquests, several deposits of gold and other precious metals were reported to have been found by the Spaniards near the Andes Mountains. Throughout the mining procedures, the Spaniards encountered the presence of another, white metal that required extensive sorting either by hand or through amalgamation – the process

Palladium: An Element That Changed The Modern Era

1515 words - 7 pages inevitably brought the presence of platinum to the attention of the world. During the 1560s, amidst a time period during the Spanish conquests, several deposits of gold and other precious metals were reported to have been found by the Spaniards near the Andes Mountains. Throughout the mining procedures, the Spaniards encountered the presence of another, white metal that required extensive sorting either by hand or through amalgamation – the process

America Should Spend More on Space Exploration

1248 words - 5 pages and could be used as a fuel source (Shah 2). Observing other planets like Jupiter can also be a great opportunity to learn how environmental effects on their surface may be prevented from happening on our planet (Shah 3). Every country on Earth can utilize minerals, fuel sources, or possible sources of water from the other planets in our solar system. Even some of the large asteroids in the Asteroid Belt between Mars and Jupiter may hold valuable

The Benefits of Space Exploration

2891 words - 12 pages information that we can learn from being in space, and from mining and researching distant planets could very well make our planet’s environment and human life better. There are many benefits that could come from deep space exploration. To better understand our planet we need to understand everything that affects it, like the sun for instance. “SOHO, launched a little more than four years ago, is gradually responding to all the questions it was supposed

Energy future

4599 words - 18 pages trolleybus, metro or magnetic levitation trains, can use electricity directly from the grid and do not need a liquid fuel or battery.Boron , silicon , and zinc have also been proposed as energy storage solutions.SpeculativeIn the distant future space exploration could yield energy sources from satellites (see solar power satellite), from fissionables from asteroid mining, from the moon (see helium-3), and from a Dyson sphere though the latter

Google marketing strategy

8748 words - 35 pages . The TV constitutesa perfect channel, as well, when it comes to hardware advertising like Chromebook and Chromecast. And there are also many ads that are not appearing on TV because they address to a niche market, but they are present on YouTube. Google is taking branding activities through new projects like Google Glass, asteroid mining or green technology. In fact, the company is more like an inventor in this regard. The idea behind thisis that

Google's Marketing strategy

8748 words - 35 pages . The TV constitutesa perfect channel, as well, when it comes to hardware advertising like Chromebook and Chromecast. And there are also many ads that are not appearing on TV because they address to a niche market, but they are present on YouTube. Google is taking branding activities through new projects like Google Glass, asteroid mining or green technology. In fact, the company is more like an inventor in this regard. The idea behind thisis that

When the Bubble Burst

1539 words - 6 pages By the time I arrived state side from my second tour in the Middle East the housing bubble had already burst. I noticed a drastic change in the way that many of my friends and family were living. Several of my friends that worked in real estate had sold their boats and seconds houses. My own stock portfolio had lost a third of its value. My sister and her husband had defaulted on their home mortgage leaving them scrambling for a place to live. I

phase diagram

4456 words - 18 pages Introduction: Chemical equilibrium is a crucial topic in Chemistry. To represent and model equilibrium, the thermodynamic concept of Free energy is usually used. For a multi-component system the Gibbs free energy is a function of Pressure, Temperature and quantity (mass, moles) of each component. If one of these parameters is changed, a state change to a more energetically favorable state will occur. This state has the lowest free energy

Revolutionary Work of Art

1890 words - 8 pages Walter Benjamin emphasizes in his essay, “The Work of Art in the Age of its Technological Reproducibility” that technology used to make an artwork has changed the way it was received, and its “aura”. Aura represents the originality and authenticity of a work of art that has not been reproduced. The Sistine Chapel in the Vatican is an example of a work that has been and truly a beacon of art. It has brought a benefit and enlightenment to the art

Similar Essays

Inter Solar System Spacecraft And Extra Solar System Spacecraft

1045 words - 5 pages starvation during their long journey west. Now, 166 years later, the opportunity has arrived again for U.S. citizens to try through hard work and luck to strike it rich by mining large amounts of gold and other precious metals. However, this time the mining will not take place on Earth, but instead will be done over 35 million miles away in the Asteroid Belt [Ref. 9] between Mars and Jupiter. Currently, spacecraft that are powerful enough to travel

America Should Spend More On Space Exploration

2333 words - 9 pages from furthering the space program come in many forms. The most recent and easily obtainable within a reasonable amount of time is economic benefits from asteroid research and mining. Both NASA and the commercial space industry are focusing their efforts on near earth asteroids. NASA has recently stated that their new goal is to place astronauts on an asteroid by the year 2025. This has been initiated as a Presidential Order. NASA and commercial

Planetary Exploration Essay

2408 words - 10 pages able to produce a wide variety of essential organic materials. Metals, salts, sulfur, acids, and many other materials could be easily recovered from the soil minerals abundant on Mars (Lewis Par. 32). These resources are all a result of only one celestial body. Asteroid mining is also a growing industry and will provide additional resources that are not readily available on Mars or on Earth. Works Cited Ansdell, M., P. Ehrenfreund

Human Mass: Timeline Analysis

1801 words - 7 pages create one unit make the process expensive and greatly limits the use to several scientific AI. Upload of conscience considered but not followed after the protest of Human Rights organizations. 2103 AD The first permanent outpost formally formed on Mars (Sol IV). 2416 AD Human prospectors looking for minerals for asteroid mining discover a new element in the asteroid belt. Scientists rush to investigate the new element and name it