Libertarians should be concerned by the collectivist and redistributionist origins of UNCLOS

Libertarians—what are they concerned about? Libertarians are concerned about preserving the free market and free-market principles and opposing redistribution as economic policy. Clearly, this particular treaty, despite the 1994 revisions that were pointed to, still effectively establishes redistribution policies regarding the exploitation of sea-based assets—minerals, oil, whatever resources you would want to talk about." Doug Bandow of the Cato Institute has said that UNCLOS "embodies the most odious features of centralized planning."' And he reaffirmed that following the 1994 changes. He said, notwithstanding the 1994 revisions, UNCLOS "remains captive to its collectivist and redistributionist origins."10