The question ‘How to buy a Country’ and ‘Is Greenland for Sale’ has come up as President Trump has shown interest in purchasing Greenland. However, Greenland’s Ministry of Foreign Affairs tweeted that they are “open for business, not for sale.”
The Wall Street Journal reported, “U.S. officials view Greenland as important to American national-security interests. A decades-old defense treaty between Denmark and the U.S. gives the U.S. military virtually unlimited rights in Greenland at America’s northernmost base, Thule Air Base.
Located 750 miles north of the Arctic Circle, it includes a radar station that is part of a U.S. ballistic missile early-warning system. The base is also used by the U.S. Air Force Space Command and the North American Aerospace Defense Command.”
Other than Greenland having national security value, Trump administration is also interested to set up a legacy.
“ [The source] believed the president was interested in the idea because of the island’s natural resources and because it would give him a legacy akin to President Dwight Eisenhower’s admission of Alaska into the U.S. as a state.”
There is precedence set to land transfer as Alaska was also purchased from Russia back in 1867 for $7.2 million.
But here the situation is different. The Atlantic said, “[…] the decision is not even Denmark’s to make. Legally and morally, the island’s 56,000 residents—most of whom are ethnically Greenlandic Inuit—get to decide on any international union their state joins.”