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| economic land in space |
WiP
I'm going to tell you about how land on the earth, is identical economically, to land in space.
Each kind commands a rental value for identical reasons.
Likewise both equally command a selling price - by capitalising the rental value. Curiously making something that's impossible to sell, sellable.
These factors definitely persist as we move out to explore and colonise space.
All the great social problems will follow us into space if we do not solve the same root causes on the earth. Because of this single foundation.
Yes, if we solve this biggest of all economic mistakes, there will still be other problems of course. But now with the biggest one attended to, the rest will now be that much each to resolve.
Why wouldn't they be? Space is not infinite economically. It is only 'unbounded'. That is to say, there are still limits, economically, in space.
The foundational limit is that valuable land is limited in quantity. Even in space. Look at it directly in front of your face - how much would you pay for a thousand cubic miles worth of space land out there in the Oort Cloud, compared to that in orbit around the earth?
Sure, as we succeed in colonisation the margin will soon move out from orbit to the lower quality unbounded space land. Thus reinforcing my point that much more intensely. As production of wealth booms, all the gains will go into the rental value of land on these new margins.
So if you truly want to be wealthy and secure your 'household' for your descendants, you must get land. On the earth or in space it matters little. Wherever is the most valuable plot you can afford - get land!
Even the most intelligent and wealthiest people on earth do not understand this yet. You are way ahead of them just by reading this.
But should those we select as leaders wait until the colonies have formed in space before it is placed under proper scrutiny?
