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Comment Re:Innovation vs rent-seeking (Score 1) 166

I think you have it the wrong-way around. SpaceX aren't seeking any favors, they can deliver significant savings to the US government. However, the lobbying by Boeing and Lockheed Martin have allowed them to push through a huge long term agreement using old expensive technology to help exclude cheaper more innovative rivals like SpaceX (who weren't even considered). There needs to be much greater oversight of government contracts to ensure that certification processes etc are simplified to the greatest possible extent to reduce barriers to entry and encourage smaller companies like SpaceX to bid for contracts like this to prevent the taxpayer from being exploited by the likes of Boeing and Lockheed Martin.

The only function of economic forecasting is to make astrology look respectable. -- John Kenneth Galbraith

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