Ratification of UNCLOS establishes flawed precedent for development of frontier that would carry over into space

The Law of the Sea Treaty retains its coercive, collectivist philosophical underpinnings. It will have a negative impact on entrepreneurship even if no mining ever occurs. The worst principle is the declaration that all seabed resources are mankind’s “common heritage” under the control of a majority of the world’s nation states. American ratification would help validate some of these discredited collectivist principles.

Moreover, the treaty could set a bad regulatory precedent for the commercial development of space. Subjecting private space exploration and development to a similar regulatory system would discourage private ventures. By punishing entrepreneurship directed at transforming the great “frontiers” of the oceans and space, the Law of the Sea Treaty threatens potentially enormous losses well into the future.