Capitalism in space: Monaco’s government announced this week that it has created a Bureau of Space Affairs, aimed at encouraging commercial space operations within the country.
By setting up a ‘one-stop-shop’ for aerospace-related matters, and reporting to the Digital Platforms and Resources Department (under the authority of the Minister of State), the Principality is taking its first steps towards supporting the growth and development of these companies by streamlining administrative procedures, and will also act as the welcome office for any prospective aerospace-related businesses looking to set up in Monaco.
At the international level, the Office of Space Affairs will represent the Princely Government in the relevant international organizations, in co-operation with the Department of External Relations and Cooperation. The Office of Space Affairs will interact with its counterparts in other countries for knowledge sharing, to foster economic cooperation, and to benefit Monegasque companies in aerospace and related fields.
Such government agencies are popping up in third world countries worldwide, with almost all having goals focused on helping and encouraging the booming private commercial marketplace and attracting it to their countries. This is great news.
That these countries are also competing worldwide for this business is also great news. It will discourage them from trying to take control, as government agencies are wont to do and as NASA did in the U.S. in the 1970s. Instead, the competition will force them all to keep their bureaucracies as streamlined as possible, so as to attract as many businesses as possible.
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