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The revival of [The Economy] (thread) and the potential for its coming collapse

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    FencingsaxFencingsax It is difficult to get a man to understand, when his salary depends upon his not understanding GNU Terry PratchettRegistered User regular

    Couscous wrote: »
    I feel like the project of "replace all the pipe everywhere in Flint, Michigan" would employ a lot of people.

    I feel like this is the sort of thing that would surprise people with how few it would employ and mostly people who already know how to do that sort of thing.

    To be fair, our water infrastructure is not just a problem in Flint.

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    monikermoniker Registered User regular
    I feel like the project of "replace all the pipe everywhere in Flint, Michigan" would employ a lot of people.

    It's not just Flint. Lead pipes weren't banned until '86. There are buildings/towns younger than I am that have lead pipes in them. And I'm not old.

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    Captain InertiaCaptain Inertia Registered User regular
    A lot of those pipes follow along under roads that need to be replaced too...

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    Kane Red RobeKane Red Robe Master of Magic ArcanusRegistered User regular
    There is an infinitum of infrastructure work to be done, pouring money at that not only will generate jobs it will also improve overall economic health. Why no one is interested in doing so is baffling.

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    Knight_Knight_ Dead Dead Dead Registered User regular
    A lot of those pipes follow along under roads that need to be replaced too...

    The real problem is lead services not lead mains.

    aeNqQM9.jpg
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    XaquinXaquin Right behind you!Registered User regular
    There is an infinitum of infrastructure work to be done, pouring money at that not only will generate jobs it will also improve overall economic health. Why no one is interested in doing so is baffling.

    Because the people in charge of the agencies and businesses that could help are already rich so who cares

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    monikermoniker Registered User regular
    There is an infinitum of infrastructure work to be done, pouring money at that not only will generate jobs it will also improve overall economic health. Why no one is interested in doing so is baffling.

    None of which requires a jobs guarantee, just long term budgeting.

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    Captain InertiaCaptain Inertia Registered User regular
    Addressing the real costs of infrastructure would expose the lie of the American suburban dream. I’m all for this, mind, but putting together a real budget for this stuff is going to break many brains, on top of the challenge of getting a 30-year budget out of a group that has to kick the can for 4 months to get a 1 year/8month budget...

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    Harry DresdenHarry Dresden Registered User regular
    Xaquin wrote: »
    There is an infinitum of infrastructure work to be done, pouring money at that not only will generate jobs it will also improve overall economic health. Why no one is interested in doing so is baffling.

    Because the people in charge of the agencies and businesses that could help are already rich so who cares

    Can't infrastructure only be done with government approval? That kind of thing is constantly being sidelined because America has one party thinks government jobs aren't real jobs, and it takes a bill through congress to get rolling RE: TARP.

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    schussschuss Registered User regular
    The way to do it is the way the DOT does it. Fed covers 50-75% of cost, local municipalities apply for grants until the money runs out. You generally get efficiency as some Muni money is in there and they care about their budget, but shit gets done in a widely dispersed way.

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    So It GoesSo It Goes We keep moving...Registered User regular
    Okay I feel like we've gone a bit afar from the topic of this thread at this point.

    If someone wants to make a thread about jobs guarantee and/or universal income, go for it.

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    OghulkOghulk Tinychat Janitor TinychatRegistered User regular
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    Mx. QuillMx. Quill I now prefer "Myr. Quill", actually... {They/Them}Registered User regular
    Launch the rich into the Sun.

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    kaidkaid Registered User regular
    Butters wrote: »
    Nyysjan wrote: »
    There is always a road somewhere that needs fixing, and it does not need years of training to do (well, some parts of it might, but always use for someone who can hold a shovel and listen orders).
    Daycare is somewhat harder, but there is way more need for that than there is provided (especially if sbusidized by the state).
    There is no such time that there is no work to be done, problem is that often nobody is willing to pay for it to be done.

    Fix roads, fix bridges, build railroads, sweep the streets, build/maintain public parks and playgrounds...
    If you have the money to hire people, then there is work to be done by those people.

    Don't forget elderly care. As boomers retire our population will continue to trend older

    Jesus no kidding. My mom is getting released from a nursing facility this friday after having a stroke earlier this year. The costs of everything involved are daunting. And there clearly need to be more nurses giving the staffing issues all the nursing facilities seem to be under.

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    CelestialBadgerCelestialBadger Registered User regular
    Bill Gates seems to have come up with the solution to the "too much money" problem by becoming a philanthropist, but space exploration is interesting too.

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    Captain InertiaCaptain Inertia Registered User regular
    Why does he refer to it as “winnings”

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    SmrtnikSmrtnik job boli zub Registered User regular
    Because investing is a gamble, which is why there is always warnings saying as much when you buy any stock.

    steam_sig.png
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    CelestialBadgerCelestialBadger Registered User regular
    Smrtnik wrote: »
    Because investing is a gamble, which is why there is always warnings saying as much when you buy any stock.

    He was the founder of the company, though. But founding a company is also a bit of a lottery ticket - you can lose your shirt unless you are born into big money, which judging from his Wikipedia page, Bezos wasn't.

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    tbloxhamtbloxham Registered User regular
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    "That is cool" - Abraham Lincoln
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    DoodmannDoodmann Registered User regular
    tbloxham wrote: »
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    Just do right by your damn employees seems like a start (same goes for you Musk)

    Whippy wrote: »
    nope nope nope nope abort abort talk about anime
    I like to ART
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    tbloxhamtbloxham Registered User regular
    edited May 2018
    Doodmann wrote: »
    tbloxham wrote: »
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    Just do right by your damn employees seems like a start (same goes for you Musk)

    Well sure...

    "Change your pay rewards scale so that you earn ~50x as much a year as your lowest paid full time employee, 15x your median rather than 10000x/2000x as much"

    Is an excellent plan too.

    So, bump up Maria in the cleaning crew from 25K to 40K , Laura in Engineering goes from $125k to $150k and bring down Bezos from $250 M to $3 M to pay for it all.

    tbloxham on
    "That is cool" - Abraham Lincoln
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    monikermoniker Registered User regular
    Doodmann wrote: »
    tbloxham wrote: »
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    Just do right by your damn employees seems like a start (same goes for you Musk)

    Yep. Profits are by definition the excess value produced by exploiting the difference between your employees' market production/productivity above the rate of their compensation.

    But I'd be a lot more okay with that if every billionaire decided to eradicate a different disease. Rotary and Gates are so close with polio.

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    CelestialBadgerCelestialBadger Registered User regular
    Space research could be important long-term, and governments have been neglecting it recently.

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    MorganVMorganV Registered User regular
    moniker wrote: »
    Doodmann wrote: »
    tbloxham wrote: »
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    Just do right by your damn employees seems like a start (same goes for you Musk)

    Yep. Profits are by definition the excess value produced by exploiting the difference between your employees' market production/productivity above the rate of their compensation.

    But I'd be a lot more okay with that if every billionaire decided to eradicate a different disease. Rotary and Gates are so close with polio.
    Do you mean malaria?

    Cause wasn't polio already done? Or has it made a resurgence despite the Salk vaccine?

    I know it's off topic, but I can't find anything on this stupid phone.

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    monikermoniker Registered User regular
    MorganV wrote: »
    moniker wrote: »
    Doodmann wrote: »
    tbloxham wrote: »
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    Just do right by your damn employees seems like a start (same goes for you Musk)

    Yep. Profits are by definition the excess value produced by exploiting the difference between your employees' market production/productivity above the rate of their compensation.

    But I'd be a lot more okay with that if every billionaire decided to eradicate a different disease. Rotary and Gates are so close with polio.
    Do you mean malaria?

    Cause wasn't polio already done? Or has it made a resurgence despite the Salk vaccine?

    I know it's off topic, but I can't find anything on this stupid phone.

    No, we have only ever eradicated Smallpox (and rinderpest, but I am not a cow). Polio is 99.9% of the way to being eradicated after the decades long work of Rotary, helped in part by massive cash from Gates (and various health organizations and governments), but it still exists.

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    CelestialBadgerCelestialBadger Registered User regular
    moniker wrote: »
    MorganV wrote: »
    moniker wrote: »
    Doodmann wrote: »
    tbloxham wrote: »
    Oghulk wrote: »

    Yeah, that's a truly shitty statement by Bezos. There's a thousand things you could do with that money which offer a lot more cost benefit to society because SpaceX is already doing great things in the 'let's bring back space exploration sector'. You only really need one successful private company to give others a kick in the rump and get them working on it. You just want Blue Origin because it is cool, and might make you billions more dollars.

    Go and buy art supplies and music supplies for every student in the world.
    Set up a fund to provide full scholarships to 500000 students to attend college over the next ten years
    Replace every lead pipe in America with a lead free alternative
    Give every penny to ITER
    Remove all the plastics from the worlds oceans
    Provide a fund to give education and integration to felons
    Voluntarily pay it all in taxes
    And so on and so on

    Just do right by your damn employees seems like a start (same goes for you Musk)

    Yep. Profits are by definition the excess value produced by exploiting the difference between your employees' market production/productivity above the rate of their compensation.

    But I'd be a lot more okay with that if every billionaire decided to eradicate a different disease. Rotary and Gates are so close with polio.
    Do you mean malaria?

    Cause wasn't polio already done? Or has it made a resurgence despite the Salk vaccine?

    I know it's off topic, but I can't find anything on this stupid phone.

    No, we have only ever eradicated Smallpox (and rinderpest, but I am not a cow). Polio is 99.9% of the way to being eradicated after the decades long work of Rotary, helped in part by massive cash from Gates (and various health organizations and governments), but it still exists.

    Not at all helped by the CIA boasting about using vaccine campaigns as a way of getting DNA samples to track down Bin Laden. It instantly caused a lot of people in the tribal areas of Pakistan/Afghanistan to distrust vaccinators, and that just happens to be where the last pockets of polio hang out.

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    tbloxhamtbloxham Registered User regular
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    "That is cool" - Abraham Lincoln
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    Gnome-InterruptusGnome-Interruptus Registered User regular
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    Profit and or Legacy.

    Either or they are both vanity at that level of wealth.

    steam_sig.png
    MWO: Adamski
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    CelestialBadgerCelestialBadger Registered User regular
    edited May 2018
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That's not the way capitalism works. In a capitalistic enterprise, competition helps speed progress.

    Plus I assume they *do* want to make money.

    CelestialBadger on
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    CogCog What'd you expect? Registered User regular
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

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    GoumindongGoumindong Registered User regular
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Well. In a profit space maybe. But it’s more likely to result in price competition. But in a non-profit space I don’t see it.

    wbBv3fj.png
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    KetBraKetBra Dressed Ridiculously Registered User regular
    Space exploration is cool and great (and useful) but fuck me is that statement scummy, especially knowing how Bezos treats his employees/contractors/whatever

    KGMvDLc.jpg?1
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    KetBraKetBra Dressed Ridiculously Registered User regular
    Goumindong wrote: »
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Well. In a profit space maybe. But it’s more likely to result in price competition. But in a non-profit space I don’t see it.

    what gave you the impression these companies were in space exploration not for profit?

    KGMvDLc.jpg?1
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    tbloxhamtbloxham Registered User regular
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Yes, but Bezos is trying to argue that he is serving some grand and noble public good with Blue Horizon, for which we should respect and honor him. Equivalent to Gates and his work with literacy and disease etc.

    Building space rockets when NOONE is building space rockets and advancing the science is a good and noble thing, which you can sell as something virtuous. Because we need to push the tech forward enough to get governments going at it again.

    SpaceX is not good because it builds and innovates with cheap reusable rockets. it is 'good' because noone else was doing that effectively. A second company entering the same space may show economic viablility, but it is not 'morally good', since if the activity is profitable it doesn't require an eccentric billionaire who can do whatever he wants to drive it along. A regular group of people can just raise money from the bank.

    "That is cool" - Abraham Lincoln
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    tbloxhamtbloxham Registered User regular
    KetBra wrote: »
    Goumindong wrote: »
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Well. In a profit space maybe. But it’s more likely to result in price competition. But in a non-profit space I don’t see it.

    what gave you the impression these companies were in space exploration not for profit?

    Yeah, but that just means neither billionaire can get the moral high ground. Not that both of them do.

    I still think I'll give some props to the first mover/risk taker (SpaceX) here, and say that Bezos can't just jump in and say "ME TOO!" and claim he's doing it to be righteous.

    "That is cool" - Abraham Lincoln
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    Styrofoam SammichStyrofoam Sammich WANT. normal (not weird)Registered User regular
    Who gives a fuck about how many rockets he's building with the money he's made inflicting misery on countless workers.

    Don't ever count on the rich to look out for you

    wq09t4opzrlc.jpg
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    L Ron HowardL Ron Howard The duck MinnesotaRegistered User regular
    KetBra wrote: »
    Goumindong wrote: »
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Well. In a profit space maybe. But it’s more likely to result in price competition. But in a non-profit space I don’t see it.

    what gave you the impression these companies were in space exploration not for profit?

    Musk has gone on record many times stating that SpaceX is not publicly owned because he wants to get to Mars, and doesn't want to have to turn a profit on that or have shareholders breathing down his neck.

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    DoodmannDoodmann Registered User regular
    KetBra wrote: »
    Goumindong wrote: »
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Well. In a profit space maybe. But it’s more likely to result in price competition. But in a non-profit space I don’t see it.

    what gave you the impression these companies were in space exploration not for profit?

    Musk has gone on record many times stating that SpaceX is not publicly owned because he wants to get to Mars, and doesn't want to have to turn a profit on that or have shareholders breathing down his neck.

    I also think it not being public also helps prop up Telsa because of hype.

    Whippy wrote: »
    nope nope nope nope abort abort talk about anime
    I like to ART
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    CogCog What'd you expect? Registered User regular
    tbloxham wrote: »
    Cog wrote: »
    tbloxham wrote: »
    Space research could be important long-term, and governments have been neglecting it recently.

    Very true, but, SpaceX is already doing a fine job of moving things along there. Bezos entering the fray too clearly states that he thinks it is a profit making opportunity, not altruism, since you don't need more than SpaceX unless you want to make money.

    That might be taking it a bit far, competition being good for innovation among other things.

    Replace "SpaceX" with "Comcast" and see if your assertion holds up.

    Yes, but Bezos is trying to argue that he is serving some grand and noble public good with Blue Horizon, for which we should respect and honor him. Equivalent to Gates and his work with literacy and disease etc.

    Building space rockets when NOONE is building space rockets and advancing the science is a good and noble thing, which you can sell as something virtuous. Because we need to push the tech forward enough to get governments going at it again.

    SpaceX is not good because it builds and innovates with cheap reusable rockets. it is 'good' because noone else was doing that effectively. A second company entering the same space may show economic viablility, but it is not 'morally good', since if the activity is profitable it doesn't require an eccentric billionaire who can do whatever he wants to drive it along. A regular group of people can just raise money from the bank.

    I find this to be a weird premise for a lot of reasons.

    The first company to enter a specific market vertical isn't inherently good just because no one else was filling the need, and the second company isn't automatically greedy or barred from "moral" motivations just because they didn't get there first.

    I can fill a need that no one else was filling because I know I can make bank doing it. I can enter an established market with noble intentions.

    And I'd argue that if you go to a bank and ask for a loan because you want to start a rocketship company, unless you are already pretty fucking rich they'll tell you to go pound sand.

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    IncenjucarIncenjucar VChatter Seattle, WARegistered User regular
    A general proposition in the biography of Amazon is that it was basically built to fund Bezos' dreams of space travel. Alexa even has an option so you can call it "Computer" after the Star Trek computer.

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