Space exploration is becoming a question of geopolitics and economics: moon bases and space mining are on the horizon, the question is who will have the infrastructure in place to exploit space - USA and China are actively working on that in this very moment.
Think of it this way - do you want to keep using candles and gas lamps, while all others are moving to light bulbs?
Also - consider that most of this money will probably go for science and engineering - education, new manufacturing processes, sophisticated rocket engines, electronics, etc. This is an investment with very high return value. The overall effect on the EU economy should be massively positive.
deiangu t1_ixeh6ej wrote
Reply to comment by Munchies4Crunchies in Europe to commit billions to 'space race' by nastratin
Space exploration is becoming a question of geopolitics and economics: moon bases and space mining are on the horizon, the question is who will have the infrastructure in place to exploit space - USA and China are actively working on that in this very moment.
Think of it this way - do you want to keep using candles and gas lamps, while all others are moving to light bulbs?
Also - consider that most of this money will probably go for science and engineering - education, new manufacturing processes, sophisticated rocket engines, electronics, etc. This is an investment with very high return value. The overall effect on the EU economy should be massively positive.