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“America’s abundance was created not by public sacrifices to ‘the common good,’ but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America’s industrialization. They gave the people better jobs, higher wages and cheaper goods with every new machine they invented, with every scientific discovery or technological advance—and thus the whole country was moving forward and profiting, not suffering, every step of the way.” – Ayn Rand
Reactions to the Billionaires’ Space Race underscore this quote’s relevance today. Bezos and Branson using their bucks to travel into space has triggered a lot of jealousy and envy. Their flights have been decried as a stunt. There are calls to tax or ban this type of space travel.
Ignored is that Branson, Bezos, and Musk used their own money to build a commercial space infrastructure that gave them access to space travel. They spent their own private fortunes to pursue their own personal interest to travel in space. In the process, they have created jobs in the commercial space sector and permitted cheaper access to space. Good jobs – ones that are productive. And in the process, they are creating abundance and new opportunities for all.Published in