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While I agree the state can provide financing it is the private sector that is going to innovate. When you look at the astonishing transportation and explorati
by larrydag 14y ago
While I agree the state can provide financing it is the private sector that is going to innovate. When you look at the astonishing transportation and exploration break-throughs of humanity it was mostly the private individual (Columbus, Howard Hughs, Lockheed) with the exception of space. Why is that so? Risk. Astronauts from NASA have been saying for years that the cost to launch increased so much because of the aversion of risk.
That is now changing. Space is becoming an endeavor of the private sector and its even on pace of becoming profitable (see Planetary Resources). While NASA has definitely proven humanity can still explore I believe it will be the private sector that will truly set the pace for human break-throughs.
- wtracy 14y agoChristopher Columbus had financial backing by the Spanish crown.
- vermontdevil 14y agoYes but he took on all the risk himself. Even had private investors. So basically the crown didn't have much to lose and a lot to gain.