Thursday, December 20, 2012

Property Rights In Space?

There are asteroid-mining proposals backed by Larry Page and Eric Schmidt, various moon-mining proposals, and, announced just this month, a proposed moon-tourism venture.

Just shows that Reaganomics got it part right -- if you keep giving more and more money to a smaller and smaller sliver of society, they will find things to spend it on. Unfortunately, not cost efficient things that trickle down to smaller businesses, entrepreneurs, and working people. They spend it on ever more gigantic toys. "Oooh, Larry, let's build a billion dollar spaceship!" Great. Too bad we don't have a thousand small businesses spending that money on labor, rent, stock, and taxes instead.

Source: http://rss.slashdot.org/~r/Slashdot/slashdotScience/~3/MAfKdq_EmUQ/story01.htm

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