but putting it in state hands encourages stagnation and will eventually leave you unable to compete globally.
NASA sent people to the moon in the seventies. SpaceX must be happy if their rocket gets into low earth orbit without falling apart.
It's a widespread myth that capitalism is best at innovation. Quite the contrary is true. Most (real) innovations get developed with public resources in public institutions and private companies then take it and commercialize on it.
The internet, the touchscreen, computers, heck even AI, all developed with public money.
Also if someone tries to do stupid shit like Elon you can just nationalize the company or enforce some other harsh consequence.
And as we see it doesn't and will never happen in our current system.
He does shit like this because he knows nobody can punish him.
And that's the reason why no unelected individual should have control over so many resources which usually only countries have.
Ok, please tell me one thing they did to advance space exploration. And please don't say reusable rockets that bring down costs, because this is still a pipe dream.
We already had satellite internet long before Starlink. In fact, Starlink is a bad idea if you consider astronomy and space exploration.
https://www.space.com/satellite-megaconstellations-spacex-starlink-interference-astronomy
The only reason Starlink was created is that Elon wanted to play online games while on some island and didn't get the latency down for it to work well. (Source: my dog)
Jokes aside, why do you need ultra-high-speed internet always and everywhere? For emergencies or normal usage, it definitely doesn't matter if a request takes 10ms or 250ms.
But does it need private institutions for that? Innovation, at least in my opinion, means making possible something we previously thought was impossible. Production and distribution aren't.
If something is truly wanted or needed, people will manufacture and distribute it easily without the need for private corporations to tell us what we need.
If you think that money is the driving factor, how would you explain the entire open-source ecosystem?
Huh? Of whom? The billionaire-sponsored politicians?