In wich economic model this are more advanced: Space Exploration and Science.

In summary, space exploration is important for economic prosperity. Private enterprise has a slight edge over government in space exploration, but there will always need to be some form of government regulation to prevent serious risks.
  • #1
AlexES16
113
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I really would like to suport the ideology that's helps science and space exploration. Capitalism, Socialism or a Mixed Economy, Socialist Market economy etc.
 
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  • #2
Interesting question. I guess it depends on the type of space exploration. Free enterprise may have an advantage in near-earth exploration. The risks aren't too great, and it's relatively inexpensive, so private capital can accomplish much of it. Even then, there will have to be some kind of government advice, even regulation, for specific types of risks.

For more capital intensive projects and/or projects with more risks, government will need to "step in." Probably that's why long-distance spaceflight has so far remained a governmental endeavor, but that too may change in the future as humanity re-defines what's "near earth" and what is "long distance." "Near earth" may include the moon 100 years from now, and it might include Mars in 200 years...
 
  • #3
AlexES16 said:
I really would like to suport the ideology that's helps science and space exploration. Capitalism, Socialism or a Mixed Economy, Socialist Market economy etc.
It seems clear to me that overall prosperity is the most important factor here. A wealthy society will be better at space exploration and scientific advances than a poor society.

So I'd say whatever is best for overall prosperity of the people will also be best for space exploration. And my answer is economic liberty, so that wealth creating capitalism can thrive.
 
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  • #4
Space budget ranks: http://www.thespacereport.org/images/global_space_revenues_budgets_2007_lg.jpg

I don't know where they put countries like Israel, Iran, and Indonesia.
http://www.most.gov.il/English/Units/Israel+Space+Agency/default.htm
http://en.wikipedia.org/wiki/Iranian_Space_Agency
http://www.radioaustralia.net.au/programguide/stories/200805/s2253542.htm

GDP (PPP) rankings: http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
Per capita income rankings: http://en.wikipedia.org/wiki/List_of_countries_by_GNI_(PPP)_per_capita

Turkey is at about the same income level (higher by per capita) than either Iran or Indonesia, but AFAIK it does not have a space program, or a very limited one. I suspect it has as much to do with geopolitical/ideological ambition (arrogance?), past and present, as wealth.
 
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  • #5
EnumaElish said:
Turkey is at about the same income level (higher by per capita) than either Iran or Indonesia, but AFAIK it does not have a space program, or a very limited one. I suspect it has as much to do with geopolitical/ideological ambition (arrogance?), past and present, as wealth.
LOL. It would relate more to a nation's overall GDP than GDP per capita.

There are many very small countries with high GDP per capita with no space program. Having a larger population obviously reduces the per capita cost of a space program.
 

1. What is the economic model that is currently driving space exploration and science?

The current economic model that is driving space exploration and science is a combination of public and private funding. Government agencies such as NASA provide significant funding for space programs, while private companies like SpaceX and Blue Origin are also investing in space exploration.

2. How does space exploration and science contribute to the economy?

Space exploration and science contribute to the economy in various ways. It creates jobs in various fields such as engineering, research, and manufacturing. It also drives technological advancements that have applications in other industries. Additionally, space missions and research often lead to the development of new products and services, generating revenue and boosting economic growth.

3. How do countries with different economic models approach space exploration and science?

Countries with different economic models may approach space exploration and science differently. For example, some countries with a more centralized economy may have a stronger focus on government-funded space programs, while countries with a more market-based economy may rely on private companies for space exploration. However, most countries use a combination of public and private funding for space exploration and science.

4. What are the potential economic benefits of investing in space exploration and science?

Investing in space exploration and science can bring various economic benefits. It can lead to the development of new technologies and industries, creating jobs and driving economic growth. It can also open up new markets and opportunities for trade and partnerships. Additionally, space exploration can help us understand and mitigate potential threats to our planet, such as asteroid impacts or climate change.

5. Is space exploration and science a worthwhile investment for countries with limited resources?

While space exploration and science can be expensive, many argue that it is a worthwhile investment for countries with limited resources. The advancements and innovations that result from space programs can have numerous benefits for society, such as improved communication, transportation, and healthcare. Additionally, space exploration can inspire and educate future generations, fostering a culture of innovation and progress.

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