Five years ago the idea that the private sector might have been capable of transporting cargo and people reliably into low Earth orbit was viewed as crazy. Much has happened since, and two things in particular. One was that Virgin Galactic, an upstart British firm, said it would develop a space-tourism business based around a craft that had cost only $25m to build. The other was that an equally upstart American entrepreneur called Elon Musk, flush from his sale of PayPal, created a company called SpaceX (whose Falcon rocket is pictured above, dropping its first stage on its way into orbit). He said he wanted to make it cheaper to launch people into space and wanted, ultimately, to send a mission to Mars—but that he would start by launching satellites.
It would be an understatement to say that both ventures were treated with scepticism. But they have now come far enough to be able to thumb their noses at the cynics. On September 3rd SpaceX signed a contract worth $50m with ORBCOMM, a satellite-communications firm. The deal is to launch 18 satellites for ORBCOMM’s network. Meanwhile, at the end of July, Aabar Investments, a sovereign-wealth fund based in Abu Dhabi, bought a 32% stake in Virgin Galactic for $280m. Aabar was not just interested in space tourism. It was also keen on a proposal to use Virgin’s White Knight launch system to put satellites into low Earth orbit. Will Whitehorn, Virgin Galactic’s president, said that one of the things which attracted Aabar was the fact that White Knight (an aircraft which lifts to high altitude a rocket that can then take either passengers or satellites onwards into space) could be flown from Abu Dhabi.
1. Modify tax policy to eliminate the disincentives for individual purchase of health insurance and health care.
2. Eliminate regulatory barriers that prevent small businesses from cooperatively pooling and self-insuring their health risks by liberalizing the rules that govern voluntary health-care purchasing cooperatives.
3. Eliminate laws that prevent interstate purchase of health insurance by individuals and businesses.
4. Eliminate rules that prevent individuals and group purchasers from tailoring health insurance plans to their needs, including federal and state benefit mandates and community rating requirements.
5. Eliminate artificial restrictions on the supply of health-care services and products, such as the overregulation of drugs and medical devices, as well as state and federal restrictions on who may provide medical services and how they must be delivered.
6. Improve the availability of provider and procedure-specific cost and quality data for use by individual health consumers.
7. Reform the jackpot malpractice liability system that delivers windfall punitive damage awards to small numbers of injured patients while it raises malpractice insurance costs for doctors and incentivizes the practice of defensive medicine.
With the summary of the Augustine report being released today, and a lot of people thinking about future space policy, while I don’t have time in the middle of a move to write anything fresh, I’ve written so much in the past that I can run some golden oldies. Here’s what I think is a relevant piece that I wrote over half a decade ago.
…let’s not miss the opportunity to point out that Jones’s promotion of “green jobs” was just as dubious, if not as reviled, as his dabblings in 9/11 Trutherism. As James Pethokoukis tweeted: “having a truther in charge of green jobs is a good fit… you need a certain willing suspension of disbelief for both”
To buy into the “green jobs” scam, you must have an unshakeable faith in the ability of the government to create a viable industry from whole cloth, because there is no commercial demand for the services these green-collar workers would provide. We don’t have to guess about the future of green jobs; we can look to the ethanol industry.