Since some
form and quantity of security is required for consumption of all goods and
services, security is a necessary complement to all goods and services. Thus,
some form and quantity of space security is required for our continued
consumption of goods and services on Earth (because insecurities in space can
adversely affect the security on Earth), as well as for our emerging ability to
“consume” the opportunities offered by space. And space is not free of security
problems. Space debris can spiral to Earth and/or interfere with or damage
someone’s spacecraft; while the absence of space traffic laws and regulations
can result in collisions of spacecrafts, and satellites that are important for
Earthly telecommunication, surveillance, etc. (UNIDIR, 2008). The absence of
space governance and property rights can adversely affect our ability to
exploit the resources offered by space; while weaponization of space and the
potential for space-based military conflicts presents a grave danger to people
and property, both in space and on Earth (UNIDIR, 2008).
Security is
also an uncertain good as security-breaches are irregular and unpredictable.
Consequently, risk-averse individuals tend to demand insurance against
unpredictable security breaches. This insurance can take the form of some kind
of preventive measures and/or after-the-fact compensation. When
it comes to space security, most preventive measures to date appear to be
limited to developing laws, regulations, and agreements regarding the usage of space;
as UNIDIR’s (2008) conference report seems to demonstrate. While, with regards
to after-the-fact compensation, most spacecraft has probably been insured since
the start of space age in 1960s; if only because of its high failure rate in
operations.
References
United Nations Institute for
Disarmament Research (UNIDIR). (2008, 31 March - 1 April 2008). Security in Space: The Next Generation -
Conference Report. Available at http://www.unidir.org/files/publications/pdfs/security-in-space-the-next-generation-conference-report-31-march-1-april-2008-342.pdf
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