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Free the Arctic!

Summary:
From the Sunday, August 27th New York Times: Russian Tanker Completes Arctic Passage Without Aid of Icebreakers A new Russian tanker with a reinforced hull has cut shipping time from Europe to Asia by thirty percent. One would think that such an event would be hailed by all who desire the betterment of all mankind, but such is not the case. Canada and other nations object, claiming great swaths of the Arctic as sovereign, territorial waters. How foolish! The nations of the world should unite to grant homesteading rights to any entity that uses the arctic for erecting structures, such as oil derricks, and also to grant free passage for any ships to traverse the area for commercial purposes. For Canada to claim sovereignty over great swaths of the Arctic is akin to Spanish Conquistadors

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From the Sunday, August 27th New York Times:

Russian Tanker Completes Arctic Passage Without Aid of Icebreakers

A new Russian tanker with a reinforced hull has cut shipping time from Europe to Asia by thirty percent. One would think that such an event would be hailed by all who desire the betterment of all mankind, but such is not the case. Canada and other nations object, claiming great swaths of the Arctic as sovereign, territorial waters. How foolish! The nations of the world should unite to grant homesteading rights to any entity that uses the arctic for erecting structures, such as oil derricks, and also to grant free passage for any ships to traverse the area for commercial purposes. For Canada to claim sovereignty over great swaths of the Arctic is akin to Spanish Conquistadors planting the Spanish flag in a square foot of beach and claiming an entire hemisphere as property of the Spanish crown.

Patrick Barron
Patrick Barron is a private consultant to the banking industry. He has taught an introductory course in Austrian economics for several years at the University of Iowa. He has also taught at the Graduate School of Banking at the University of Wisconsin for over twenty-five years, and has delivered many presentations at the European Parliament.

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