mscbuck
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"You Would Have Been BALEETED..."
Posts: 3,897
I applaud what Obama is doing here, because I definitely agree there kind of needs to be a re-focusing on what NASA has been doing the past decade or so, but not to the point where it employs people for doing nothing (which happens all the time in government because it's not for-profit). I think the move to private companies taking a bigger role will be an immense help, however, the government must manage this VERY carefully:
I can't begin to imagine the R+D/Investment costs that these private companies would be facing when trying to create this new tech. However, too much of a subsidy could incentivize a misallocation of capital and resources towards a sector that perhaps isn't the best at using them at this moment of time. Then again, the creation of this technology could result in lots of knowledge spillovers here on Earth in other technologies, so that's a good thing too! I would say there should be a reward system in place for future innovations. Rather than subsidies, I would hope Obama maybe come out and say "We will give you X amount if you figure this out", and boom, lump sum transfer. Lot more efficient and less wasteful than a subsidy.
But overall, I look forward to this producing some tangible results! There was no need to completely shut down NASA, so this re-focusing I think was just the right way to go. Government investment in infrastructure (whether it be through the army, etc) has resulted in some pretty amazing technological advances, so I think a plan of govt investment + joint incentivized private investment in race to Mars will be pretty good, just like the original space race.
"His Will Was Set, And Only Death Would Break It"
"None knows what the new day shall bring him"