Earlier quoted context omitted.
Does Mars colonisation increase the chances of Earth becoming (more of) a corporate dystopia? If not, then if there is a chance of a Mars colony which supports your values what are you losing by the attempt? [edit: this is awkwardly phrased ... it is like a free roulette shot, it may or may not pay off, but if it's "free" the net value is positive.] And I also think if colonisation ever was big enough to absorb a sig…
The scenario in which the bet does not pay off results in 1 million people and their descendants being stuck in a terrible situation, with distance making aid or relief impossible at scale. This is something that could be mitigated by making sure that the first planet we colonize isn't some kind of unregulated fief belonging to the first person who threw enough cash at the problem of getting people to Mars. Which is…
I believe Elon said it would take 40-100 years for the population to reach that point, and he is saying that there will be a return mechanism, and a probably an extreme labour shortage which favours a strong bargaining position for both the entrees and the Mars local population. Ideally I'd like to see the return ticket + life support until the next return flight provided as part of the entrance fee to minimise risk, but there is still the problem of enforcing the contract.
[EDIT: I don't consider this a "fair" argument so I left it out, but as an aside, if minimising pain is your goal then mass sterilisation is the optimal strategy IMO -- there is no reason to continue the human race which will certainly produce millions of people in pain -- and if you have another goal which requires human existence to fulfil, then decreasing our extinction probability should be a huge priority]