Buying Greenland as Statecraft?

Updated: 2026.01.14 14D ago 1 sources
Treat outright purchase offers for foreign territory (e.g., a $500–$700B U.S. bid for Greenland) as a distinct diplomatic instrument that combines economic leverage, strategic basing, and domestic political signaling. Such offers create immediate legal, alliance and fiscal questions—who pays, who consents, how to enforce sovereignty—and invite market speculation (Polymarket pricing) that can itself influence diplomacy. — If governments begin to treat territory acquisition as a purchasable strategic lever, it would reshape modern sovereignty norms, alliance politics, and public budgeting debates.

Sources

Markets in everything?
Tyler Cowen 2026.01.14 100% relevant
Tyler Cowen’s post: claim that Secretary of State Marco Rubio is overseeing a $500–$700B Greenland offer and that Polymarket priced the event at ~23%.
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