Extraterrestrial Property

“But tellingly, because the Antarctic Treaty prevented any nations from establishing sovereignty and contained no provisions for granting property rights or regulating economic activity, resources in the Antarctic have gone undeveloped to this day. This stands in contrast to the emerging resource boom in the equally inhospitable regions of the Arctic, where much clearer property rights exist under the jurisdiction of Arctic nations.”

I suspect most of those involved in Antarctic law consider this a feature, not a bug.

The analogy to space treaties I leave as an exercise for the Padawan.