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Public vs. Private Sector Efficiency

A philosophical debate emerges regarding whether private companies like SpaceX allocate capital better than government agencies like NASA. Some argue that private industry innovates faster, while others contend that the profit motive leads to dangerous cost-cutting, financial fraud, and misallocation of resources into hype cycles.

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5 comments tagged with this topic

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The only purely military thing is rockets and everything space related, there's just no way private businesses would've poured so much money into it Computers and internet being storage, processing and communication systems are clearly useful for civilian purposes
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My cynical take is that it'll works out just fine for the data centers, but the neighbouring communities won't care for the constant rolling blackouts.
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Every time I hear stuff like this I think of Tim Curry just barely keeping it together during that one cut scene in Red Alert 3, except this time it's the ultra capitalists trying to corrupt space with capitalism. https://www.youtube.com/watch?v=g1Sq1Nr58hM
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> [...] and initial capital investment. This is the big one - Musk knows that if he convinces enough people, they will invest the billions / trillions necessary, making him stupendously rich. But anyone investing in that is... not a good investor, to be politically correct, because what's the expected return on investment? Who are the customers? What is the monetization? Or bar that, how does it benefit humanity? It's throwing money down the drain. If you're an investor and are considering this, consider investing in earth instead. Real projects with real benefits. There's enough money to fix hunger, poverty, housing, education, and everything. Enough money to buy and / or fund politicians to make the necessary changes.
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> There's enough money to fix hunger, poverty, housing, education, and everything. Enough money to buy and / or fund politicians to make the necessary changes. Perhaps. But I can also see someone wanting to use their money to fund space exploration because it is more exciting. As an aside, I strongly suspect that to solve the problems you think are more worthy, it isn't money that is the problem, but rather social, structural, cultural, and other issues mostly.