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The Podcast of the Lotus Eaters

PREVIEW: Brokenomics | Industrialising Space

The Podcast of the Lotus Eaters

lotuseaters.com

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4.71.1K Ratings

🗓️ 22 October 2024

⏱️ 44 minutes

🧾️ Download transcript

Summary

Dan speaks with planetary scientist Grant Donahue on the economics of space. Starting with the ongoing efforts to industrialize low earth orbit, they keep going to the industrialization of the local cluster of galaxies.

Transcript

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0:00.0

Hello and welcome to Broeconomics. Now, as you will know, if you followed this show, I'm a tiny

0:05.9

bit optimistic about things like AI and robotics and so on. Now, you start to follow through the

0:11.7

logic of what that does. At the moment, most economic activity is constrained, not so much by the

0:19.1

amount of resources, but the, quite literally, it's by the amount of management much by the amount of resources, but quite literally it's by the amount

0:22.7

of management oversight, the amount of intellectual bandwidth can go into something. I've worked

0:28.2

with many companies over the years, and that ultimately tends to be the restraining factor on

0:33.0

a lot of activity. After that, you've got the restraining activity, the restraint of the

0:38.5

number of workers that you can bring in, people who can actually do the job. But with AI

0:44.2

in robotics, it's not impossible that we could actually solve those two problems. If you do

0:49.6

that, then the next logical step is that your constraint becomes the amount of resources available to you.

0:56.1

And if you do that, then logically, the next major industry that we're not talking about at the moment,

1:02.7

but we will be on the other side of AI and robotics is going to be space,

1:07.3

because that gives you access to the quantity of resources that you need to really take

1:11.9

economic growth to an unlimited level. So given that logic chain, I've been wanting to speak

1:17.6

to somebody who knows about space. And I'm delighted to say that I have found just the man. Grant

1:24.4

Donoghue, planetary scientist. Welcome to Brokeonomics. Thank you so much. I'm very happy to be here.

1:29.9

Good. Can you tell us about yourself? What is a planetary scientist?

1:33.9

So planetary science is a subfield of geology, which is an annoying term because geology specifically refers to the Earth.

1:40.9

But I was trained as a sedimentary petrologist.

1:44.9

Professionally, I've worked as both a petroleum and a environmental geologist.

1:51.3

But more broadly, it means that I study the evolution of systems as the evolution of systems.

1:59.4

We don't tend to say geology and isolation because we've discovered that there's an

...

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