Property rights and space commercialization
It’s time to start thinking about commercialization and colonization of the Moon and Mars. Fifty years after the Wright Brothers, we had global airlines. Fifty years after the invention of the integrated circuit we have a trillion-dollar-a-year industry. Cell phones alone account for tens of billions of dollars of government auction revenue. We need to make the regulatory environment for 50 years after Apollo now. An American private property regime and capitalist economic system can encourage space commercialization and colonization. A utopian property regime and a communitarian economic system will keep out commercialization and leave colonization and exploration in the realm of governments.
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