Big risks can lead to big failure or big rewards. Such risks can also lead to the prospect of essentially unlimited physical resources, and wealth. A group of wealthy investors and risk takers is setting the ground work for mining asteroids, as reported at length in Wired.

We will never run out of resources because of initiatives like this. This is not government-led, it is innovator-led. It is private. It is done because there’s a lot of money to be made if it succeeds.

When people take billion dollar risks like this, they should be rewarded. Tax the rich? Take it all away from them? Then you face a future of no innovation. You face of future of diminishing resources. You face a future in which the earth has nothing. Reward innovation and you never run out of anything.

-JD Cross

 

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