Earlier quoted context omitted.
Part of it is cost: In the mid sixties, NASA was about five percent of the federal budget. Another part is safety: Apollo was extremely dangerous. There were a lot of single points of failure, three astronauts died on the ground, three more were very very narrowly saved over the course of only about ten missions. One of the reasons the program was cut short was the political worry after Apollo 13 of having astronauts…
> five percent of the federal budget. It's impressive to compare five percent and some small fraction, but the total budget also expanded a lot since then. While in constant dollars the current NASA budget is indeed smaller than it was then, it is only about half. At the end of the day, the kinds of things they spend that budget on make sense to me for a research organization, and it makes sense to me that retracing…
5% today would be more than $1tn - a government-funded industry bigger than the entire military budget, comparable to the biggest tech companies.
It made sense in the 60s because the spinoffs from the green field R&D, especially in electronics and computing, are still paying a dividend.
Today? It's hard to see a moon base paying for itself any time soon. There's plenty of science to be done on the Moon, but direct dividends for industrial development are less clear.