Forty-five years ago, we thought colonizing the moon was surely in our future. But once the space race was won, the moon was found to be not useful enough to justify the expense. And the expense of getting there was astronomical. Maybe that’s where the word came from. Our dream of living on the moon would be even more expensive.
This video from Wendover Productions (previously at Neatorama) explains the economics of space colonization. The planned Mars mission looks different when you look at it from the financial side. The Apollo missions also look different. Did we really spend that much money just to beat the Soviets to the moon? -via Digg