Could Legal 'Loophole' Lead to Land Claims on Other Worlds?

Who is going to invest in exploiting extraterrestrial resources if there is no assurance of title to them?

Michael McNeil

I think very highly of Rand (and am a regular follower of his blog), but Ive always looked skeptically at these kind of land grant proposals. In my view, right now the land on the moon or asteroids (to say nothing of Mars) is worthless. The economic opportunities have to come first, and then the property acquires value in consequence. The property value cant be the original economic opportunity that gets us to square one. How does everyone else view this?
Regards, Mike Combs

"Could Legal 'Loophole' Lead to Land Claims on Other Worlds?"
MSNBC