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Edited by BlaqSpiral:
9/7/2015 10:03:42 PM
9
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I don't know for sure. We should be funding nasa though.
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It's only at .5% of our budget, that is embarrassing. However, why shouldn't the private sector play a larger role? There was a time that NASA was the mother of inventing, but we don't need NASA to fill that role anymore.
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Nobody says the private sector can't play a role. But the private sectors priority is profits, pushing boundaries into unknown territory isn't part of a sound business model.
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Innovation is what makes money now and private companies in this day and age operate on that premise.
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Yes I'm sure a private company is really interested in a venture that will cost millions but net 0 income, like for example the ISS.
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Business is as much about high risk/high reward as safe investment... The money that could be made with success is what empowers companies to "reach for the stars." I'd give you examples of this, but you've already provided 2.
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Edited by Britton: 9/9/2015 8:08:13 PMThere not teaching for the stars, they are trying to commercialize what is already rather commonplace, moving people from earth to stations in orbit. Nothing groundbreaking scientifically. Entities like NASA pave the way for private companies. They push the boundaries, then the private industry fills the new niches.
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Edited by BlaqSpiral: 9/9/2015 8:30:57 PMBut on a commercial level, they will continue to innovate the process and that in turn will propel innovation beyond. Basic capitalism and the need for commercial success will get us more and more. Where there is money to be made, businesses will take us. Again, .5% of our yearly budget for NASA is ridiculous, but that doesn't mean it's doom and gloom for innovation out of the private sector. Look at some of the vehicles those private entities are creating to take John Doe to the stars and look at the technology that John Doe's money and desire will cultivate. Perhaps, it was NASA that was holding them back.
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Theres billions and trillions to be made mining metal rich moons, planets, and asteroids, harnessing our sun, etc but I don't see private companies jumping in line to do that, because its not profitable to pave the way and work out all the bugs and problems it takes to do that. Once it's figured out, then the commercial side will definitely figure out a way to make it work financially, but discovery and pushing the precipice of human knowledge forward isn't their priority. Their priority is and will be profits, and high overheads associated with "boldly going" means its not profitable. That's why entities like NASA are so important as they lead the way, while private industry comes in behind them.
