The Economics Of The Coming Spaceship Earth: Article Analysis

The National Aeronautics and Space Administration (NASA) is perhaps the most well known space agency in the world. Since its formation in 19581, it has pioneered in space science, yet is also renowned for its large budget. NASA has the highest budget of any space agency, $18.6 billion2 in 2015, the equivalent of every American paying $54 towards the agency3, meaning 0.14% of total GDP is spent on NASA3 . This money is spent on the ISS, sending astronauts, probes and satellites into space, astrophysics and planetary science research, maintaining and developing NASA’s space telescopes (the Wide Field Infrared Survey telescope searching for dark energy and exoplanets, the James Webb Space Telescope and the Hubble Space Telescope) and developing spacecraft2. Space exploration is an incredibly expensive process with one shuttle launch costing $450 million4 however NASA’s colossal budget benefits the USA greatly; the agency employs 18,000 people5 as astronauts, engineers, scientists and teachers and G. Scott Hubbard, former director of the NASA Ames Research Center estimates that every dollar spent on NASA returns $8 to the economy6.While this figure is an estimate, it demonstrates NASA’s worth and capacity for money making. NASA works on pioneering research and as its patents and licenses return to the US treasury, it

For many years humans have been exploring space to discover the unknown and fuel their curious and adventurous nature, but the decision of whether space exploration is worth the cost is strongly debated. Due to various arguments and evidence space exploration is strongly supported is proven to be worth the cost. Some of these reasons include space exploration being able to expand our knowledge and it being able to generate wealth. With these reasons the argument of whether space exploration is worth the risk can be easily decided.

For the social science lens, we will be looking at the shift in the economics for space exploration in the recent years.

In this essay, President John F. Kennedy builds an argument to persuade his readers in investing in space exploration. Kennedy uses analogies and reasoning to build his argument towards investing in space exploration. Kennedy’s speech had a powerful impact on the decision whether to direct the resources of the United States toward the construction of a space program.

The space race was a competition between the United States and the Soviet Union that occurred during the Cold War. They competed for dominance in space technology and spaceflight, which spurred many significant inventions and events. Some of these inventions and events include the first-ever landing on the moon, the first artificial satellite to be launched into the Earth’s orbit, the establishment of NASA, the invention of the microprocessor computer, the invention of satellite communication technology, and other direct and indirect impacts. Each of the different events and inventions that spawned from the space race have had significant impacts on the United States economy.

As President Eisenhower once stated, “Every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed” (qtd in DeGroot). According to Jerry DeGroot, a lecturer in the Department of Modern History at the University of St. Andrews and author of the widely acclaimed biography “Douglas Haig”, every year, the United States federal government funds the National Aeronautics and Space Administration (NASA) with over $17 billion. When Keith Yost, a professor at the Massachusetts Institute of Technology (MIT), was asked about government funding on NASA, he replied, “NASA is not only spending money, but also the sweat of our laborers, the genius of our scientists, and the hopes of our children.” As a powerhouse in the work industry, NASA is taking away from the remainder of the country. Before venturing off into space, the US needs to realize the importance of tackling the issues that lie before the citizens here on Earth. As Richard Truly, a retired Vice Admiral in the United States Navy, stated in agreement, “...I didn’t go to NASA for the United States to make international commitments that wouldn’t keep, to design space vehicles that will never be built (or will be then fail), or to make promises to the American people that will never be kept.” It would be in the best interest for the citizens of the United States federal government to cut NASA funding.

The explorers invented a system, which is still used today, that is called “Market Economy”.

NASA has widespread economic benefits in the economy that far outweigh the amount of money spent on NASA. It is estimated for every $1 spent by NASA, this adds $10 to the United States economy. NASA creates many new transformative effects on the entire economy. Much of the economy is dependent on the internet, and the communication of information through satellites. These products can be used by any company to jumpstart their growth and in turn the economy’s growth. A study on 15 companies that were awarded $64 million in contracts by NASA were found to have benefits that totaled over $1.5 billion and the contracts stimulated the companies to spend a total of $200 million on additional R&D (Hertzfeld). Skeptics say that if the government spent this money directly on the economy by stimulating companies then the economy would grow faster and there would be a greater amount of money going into the economy in the first place. But the part that these skeptics forget is that NASA creates many jobs and invents many new technologies that have redefined the international economies.

Since humans started populating the Earth, exploration has always been on their minds. Before the 19th century, expansion was kept within Earth’s atmosphere, but as of the 20th-century exploration has expanded onto the whole galaxy. In 1961, Russia sent their first human outside of the Earth’s atmosphere, thus initiating the space race. The space race’s first goal was to get a human from and to the moon, alive and well nurtured. Unlike pre-19th century expansion, this exploration would not bring back any goods or materialistic value. Even though the Space Race may have helped those who lived in Russia and America, to others it was seen as a waste of money because of the lack of materialistic value; money that could be spent otherwise. Their motivation fueled

To support the ideas space exploration brings, one must look at where the people’s taxes are going and if these ideas are worth the financial trust the citizens put into their government. Source A explains where the taxes from salaries

The concept of space exploration was first introduced to the American public in 1961 when President John F. Kennedy famously stood before congress and vowed that America would put a man on the moon “within the decade.” With hopes of defeating the Soviet Union in the “Space Race” and gaining a leg-up in the Cold War, NASA funding reached its all-time high in 1965-1966 when about four percent of the federal budget was devoted to exploring space. Since then however, funding dedicated to exploring space has nose-dived to about one-half of a percent of the federal budget (Tyson), with plans to cut that figure by an additional $260 million in 2017 (cite NASA funding cuts). Experts in the space-sciences field argue that increased funding in space exploration would re-ignite the American economy and return America to the scientific prominence it was once known for, while, on the other end of the spectrum, naysayers suggest that exploring space is an economic sink-hole that the United States can no longer afford to deposit to given its own earth-bound troubles.

Instead of moving forward with technology we are using technology that has been present but just redesigning and improving it. My intention here is that with private companies trying to find methods of making their own advance method of exploring space, it is evident that they plan to charge people to take them on these space travels. For example, Musk is making the airframe completely renovated with special welding, ‘stir welding,’ and Dragon, which are great ideas. With the progress of private companies, it is evident that we are getting closer to sending humans to space.

The first reason why the government should remain the use of its space program is the jobs that come along with the program. From engineers to scientist there are many jobs that correlate with the space program.”It is important to remember that the $2.5 billion investment made in this project was not spent on Mars, but right here on Earth, supporting more than 7,000 jobs in at least 31 states.” (Bolden, Charles.) Even though the unemployment rate is not as high as expected, if this program was cut the rate would grow immensely.

The world today revolves around technology and is in an ever upward spiraling path of new advancements. This path is now at what some people call the “final frontier”, or the space age. The discoveries being made on this front are overwhelming in comparison to the technology that the world had only twenty years ago. Space exploration was once left up to the governments, as they battled to be the first country in space, but with national debts raising and the cuts made in response, space exploration is beginning to become new grounds for private business owners. Private companies are already beginning to send off rockets at a fraction of the cost that government does, but if more money was put into the government space program, then they

The mysterious vastness beyond Earth has allured many scientists to explore and contribute much of their effort to the understanding of space. Although humans have been looking up at space for thousands of years, the physical exploration of this frontier has been only going on for the past few decades. Our current understanding of space is unparalleled to any time before in our history, but we still only know a small fraction of what there is to learn. Governments around the world spend about $40 billion dollars a year (Rockefeller, 2010) hoping to undertake tasks such as “human exploration of the solar system” to discovering the origins of life itself (Tatarewicz, 2009, p. 531). Recently, the private sector has also shown interest in space exploration in order to engage in profitable activities such as harnessing minerals from asteroids. Although it is easy to debate about the benefits and negatives of space exploration in its entirety, it is simpler focus on one aspect of it - the direct effect it has to those down on Earth. Rather than trying to decide whether or not going to other planets is worth it, this paper will argue about the value of the terrestrial benefits of space exploration. It is an important topic to think about as programs such as space exploration change lives and help acquire knowledge. Despite the large costs associated with space exploration, the multitude of discoveries in the past few decades has greatly improved daily life on Earth, the jobs the