it is because as Vijay Prashad said US billionaires hid their monies in illicit tax havens in UK and EU. And there is no state control to put those monies back into infrastructure but Elon musk sure have his pet projects like Mars colonization and Hyperloopy , I mean why not Elon and military industrial complex don’t get why ordinary people need food and stuff.
Musk’s “Mars colonization” project will end up the exact same way as his “hyperloop”. One day it will simply and quietly be declared dead and everyone will forget about it. (Meanwhile China and Russia will be building a moon base together.)
Well, to be fair, the hyperloop was in many respects a fraud used to test out technology intended for Mars (like boring). That said, I think Mars is the pie in the sky that Musk will never abandon while he is still pitching projects to rubes because it is so much easier to “postpone” than civilian infrastructure
Rockets have always been a dead-end technology. Humanity will never get to the next step in space race, which is economical mineral mining of the asteroid belt, until the world unites and builds a space port in Peru. The very best place to launch is at the equator (fastest angular velocity) at the highest mountain–Basically, somewhere in the Andes. The way to do it is to build a tube up the side of a mountain, make it miles long, and use electromagnetic rails to accelerate the space capsule, it cuts the cost of launch by 99%. This will allow payloads to be launched and for space assembly of larger modules to go do asteroid mining. NASA has known this is the future for decades now, but instead of doing this, we have shitty rocket 1960s technology from Elon Musk. I hate him.
More on this: https://en.wikipedia.org/wiki/StarTram
