Ron Bailey has some thoughts on top-down government-driven technology programs:
The motivation behind the Apollo moon shot program was largely geopolitical. The Soviets had launched the first artificial satellite in 1957 and orbited the first man around the planet in 1961. As a NASA history explains, “First, and probably most important, the Apollo program was successful in accomplishing the political goals for which it had been created. Kennedy had been dealing with a Cold War crisis in 1961 brought on by several separate factors–the Soviet orbiting of Yuri Gagarin and the disastrous Bay of Pigs invasion only two of them–that Apollo was designed to combat.” The Apollo program cost $25.4 billion (about $150 billion in current dollars) to land just 12 astronauts on the moon. It is curious that Shellenberger and Nordhaus cite the Apollo program as an example of transformative technologies since it was basically a technological dead end.
Yes, and one that NASA seems determined to repeat.