Opinion: A new space economy could be the key to rebuilding after Covid-19 — and outsmarting China
Retired Air Force Colonel Michael "Coyote" Smith is an assistant professor of strategic space studies at the Air Command and Staff College at the Air University at Maxwell Air Force Base in Montgomery, Alabama.
In the aftermath of the COVID-19 pandemic, it is imperative for America and its allies to not only get their economies back up and running, but to generate an excess of capital in order to bring their manufacturing jobs home and to pay down their skyrocketing debts. Such an economic boom is unlikely without some kind of extraordinary commercial expansion. Space offers such an opportunity. History offers a roadmap to show how it is done.
China understands the debt trap they have almost closed on us. They also understand that there is no Earthly way from which we can harvest the wealth to pay off our debt to them. They recognize that our only hope of getting out from under our burden is to go to space; the Moon, Mars, and the Asteroid Belt. That is why they are in a race to get there first.
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