The Two Modern Space Races (arstechnica.com)
MarkWhittington writes: Observers of the current state of the space program like to maintain that a space race, such as occurred in the 1960s, will never happen again. They cannot be farther from the truth, since not just one, but two space races are going on. The Google Lunar X Prize is managing a race for the first private group to land a rover on the lunar surface and perform a number of tasks for glory and prize money. Eric Berger at Ars Technica pointed out that another prize space race, with the goal of performing the first private crewed space mission in low Earth orbit, is ongoing thanks to NASA's commercial crew program.
Apollo wasn't that valuable? I beg to differ...
There was a lot of common good generated by the effort to put men on the moon. You may not realize it, but they made vast advances in electronics, communications technology, materials and system design practices that have overflowed into the private sector from the Apollo effort. We learned a lot of stuff and built a lot of stuff from the technology advancements from Apollo, it's predecessors and the concurrent military build up that would have taken a lot longer to become viable enough to make a difference in the world.
"File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
What % of GDP is being spent on today's races? Vs the 1960s?
I think by that measure, the current space race is about an order of magnitude short of the one in the 1960s.