Economy
Scientific paper
Jan 2002
adsabs.harvard.edu/cgi-bin/nph-data_query?bibcode=2002iaf..confe.348l&link_type=abstract
IAF abstracts, 34th COSPAR Scientific Assembly, The Second World Space Congress, held 10-19 October, 2002 in Houston, TX, USA.,
Economy
Scientific paper
Now is the time to put forth an effective code of ethics for businesses in outer space. A successful code would be voluntary and would actually promote the growth of individual companies, not hinder their efforts to provide products and services. A properly designed code of ethics would ensure the development of space commerce unfettered by government-created barriers. Indeed, if the commercial space industry does not develop its own professional code of ethics, government- imposed regulations would probably be instituted. Should this occur, there is a risk that the development of off-Earth commerce would become more restricted. The code presented in this paper seeks to avoid the imposition of new barriers to space commerce as well as make new commercial space ventures easier to develop. The proposed code consists of a preamble, which underscores basic values, followed by a number of specific principles. For the most part, these principles set forth broad commitments to fairness and integrity with respect to employees, consumers, business transactions, political contributions, natural resources, off-Earth development, designated environmental protection zones, as well as relevant national and international laws. As acceptance of this code of ethics grows within the industry, general modifications will be necessary to accommodate the different types of businesses entering space commerce. This uniform applicability will help to assure that the code will not be perceived as foreign in nature, potentially restrictive, or threatening. Companies adopting this code of ethics will find less resistance to their space development plans, not only in the United States but also from nonspacefaring nations. Commercial space companies accepting and refining this code would demonstrate industry leadership and an understanding that will serve future generations living, working, and playing in space. Implementation of the code would also provide an off-Earth precedent for a modified free-market economy. With the code as a backdrop, a colonial or Wild West mentality would become less likely. Off-Earth resources would not be as susceptible to plunder and certain areas could be designated as environmental reserves for the benefit of all. Companies would find it advantageous to balance the goal of wealth maximization with ethical principles if such a strategy enhances the long-term prospects for success.
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