In such a scenario, private participation into space exploration has been welcomed by 
onlookers globally. Another cutting philosophy supporting withdrawal of governments from investing in space travel, is that the money could be better spent on social development; more so as the oft touted claim – that other planets would provide access to huge amounts of resources which will benefit humanity – has never seen the light of space! And while critics portray the future foray as a repeat of colonial expeditions of the 15th & 16th century, the democratisation of space is not possible without reducing the cost of launches, which would necessarily come through private participation.
onlookers globally. Another cutting philosophy supporting withdrawal of governments from investing in space travel, is that the money could be better spent on social development; more so as the oft touted claim – that other planets would provide access to huge amounts of resources which will benefit humanity – has never seen the light of space! And while critics portray the future foray as a repeat of colonial expeditions of the 15th & 16th century, the democratisation of space is not possible without reducing the cost of launches, which would necessarily come through private participation.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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