Russia has announced a commitment to spend $70 billion over the next seven years on their aerospace industry.
Russia has announced a commitment to spend $70 billion over the next seven years on their aerospace industry.
Russia will spend 2.1 trillion rubles (about $70 billion) under a state program for the development of the national space industry in 2013-2020, Prime Minister Dmitry Medvedev said on Thursday. “The total volume of funding is quite significant: 2.1 trillion rubles, including extrabudgetary sources,” he said. The program is designed to ensure the country retains its position as a leading global space power, while also supporting its defense capability, and boosting economic and social development, Medvedev said.
Though this commitment of significant funds will certainly help revitalize their aerospace industry, I wonder whether it will instead encourage that industry to be less efficient. If done right government subsidies can jumpstart an industry, as seen with NASA’s new commercial space program. If done wrong, however, subsidies can result in an expensive operation that can’t make a profit, as in the case of ESA, Arianespace, and its Ariane 5 rocket.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
Russia has announced a commitment to spend $70 billion over the next seven years on their aerospace industry.
Russia will spend 2.1 trillion rubles (about $70 billion) under a state program for the development of the national space industry in 2013-2020, Prime Minister Dmitry Medvedev said on Thursday. “The total volume of funding is quite significant: 2.1 trillion rubles, including extrabudgetary sources,” he said. The program is designed to ensure the country retains its position as a leading global space power, while also supporting its defense capability, and boosting economic and social development, Medvedev said.
Though this commitment of significant funds will certainly help revitalize their aerospace industry, I wonder whether it will instead encourage that industry to be less efficient. If done right government subsidies can jumpstart an industry, as seen with NASA’s new commercial space program. If done wrong, however, subsidies can result in an expensive operation that can’t make a profit, as in the case of ESA, Arianespace, and its Ariane 5 rocket.
On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.
The audiobook is also available at all these vendors, and is also free with a 30-day trial membership to Audible.
"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News
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