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I have noticed that today’s social media feed (and even the actual media feed) is filled with people who are angry about billionaires going to space. Now there are lots of actual reasons to be quite angry about the existence of so many billionaires and their ever greater consumption of humankind’s limited resources! For example, I am furious at how easy it is to pour dark money into politics and buy up right-wing politicians without anybody finding out about it (or other politicians too, I guess…but apparently most oligarch money quietly goes to the right). Likewise, I am angry at how billionaires use their enormous wealth to skew markets. Such wealth is already a product of market tampering and political favoritism. Where you find billionaires you find monopolies, monopsonies, and cartels. You also find the attendant ills of price-fixing, regulatory capture, and strangled innovation.

Above all, where you find billionaires, you find graft. What is even the point of having so much money other than to convert it into power over courts, and police, and laws, and rules?

So billionaires (or really the status inequality which they represent) are a big problem…but that doesn’t seem to be what is making everyone angry about Branson, Musk, Bezos, et al. Instead on social media I find lots of variants of the tired old line “with so many problems here on Earth, how could you spend that money on space?” (although, in fairness, a close second was “how about they pay their taxes instead?” and that criticism is absolutely on point). A lot of people seem angry about “joyrides and stunts” from these plutocratonauts. It makes me worry that hatred of these creeps is transforming into more pushback against space exploration–and none of us can afford that!

Commercialization of space has a sort of dinosaur’s wing problem. Archaeopteryx obviously gleaned all sorts of advantages by flying around on stylish feathered wings, but how did evolution bridge the awkward gap between such gracile bird-like fliers and their ungainly forbears who just had flaps and pin feathers? There are irrefutable reasons for nation-states to pour money into space exploration (“confers military and technological dominance” jumps first to mind), but what entices entrepreneurs to try to scale such formidable barriers to entry? The first satellite provided the Soviet Union control of the heavens. The first space hotel will provide a way to die trying to use the toilet.

Perhaps this generation of space billionaires is the transitional flap which will someday develop into a functional wing (perhaps a more apt metaphor for this would involve the freewheeling early days of private aviation which involved all sorts of Lindbergs and Howard Hughes).

Also maybe spending this sort of money will actually provide some economic returns. When I get money, I spend it on catfood, beans, shoes, electricity, and internet. Billionaires don’t have a billion more cats than me or use a billion times more electricity, or need a billion more boots (and frankly, I doubt they even eat beans at all). Even with a dozen mansions, a super yacht, and a gulfstream (and a non-bean-based menu) spending simply does not keep up with capital accumulation–their money is hoarded. but money spent on space is actually spent here on Earth (on engineering, materials science, researchers, and other useful things)

Or we could just tax these guys properly and spend the money on scientifically useful space exploration (and medical research, and infrastructure, and fundamental R&D etc.). Yet for some reason, politicians don’t seem to be rushing to close loopholes and collect those taxes. For right now these ungainly space jaunts may be the best way towards actual meaningful space enterprise.


It’s time we had a painful talk about the pornographic ‘novel’, “Fifty Shades of Gray,” a best-seller published in 2011/2012.   [Disclaimer: I haven’t read this work nor watched the awful-looking movies.  I am guilty of a cardinal sin of scholarship: writing about something I haven’t read.  I don’t care: I never plan to read this thing.  My point here is not really about bad popular fiction] This uh…romance (?) book is about a shy & awkward virginal nobody who is sent to interview a manipulative billionaire creep.  Unsurprisingly, the manipulative billionaire seduces her with his obscene wealth and power and locks her in a contract where he is allowed to do anything he wants to her. Romance ensues!

It is tempting to look at this moronic plot, shrug, and say “Who likes this stuff?” Yet actually, we should not be surprised that this book was a top-of-the charts best-seller for years–a second look reveals it to be an extremely germane allegory of our actual lives.  America’s fantasies of being enslaved and abused by creepy billionaires are not harmless fantasies: they are the reality of our times!  It is the top item of the news every day.  The extent to which this slimy bondage narrative about billionaires abusing underlings has become the main story of our entire culture should not be overlooked or underestimated.


The characters in “Fifty Shades of Gray” at least have a safe word.  We do not.  The new oligarchs can do anything they wish and face almost no repercussions (as was illustrated by the lack of accountability for the events which caused the Great Recession…and illustrated again, afterwards, when the people who caused the crisis became much richer).   This is because of a devilish nexus of market consolidation and oligopoly.  Since the super rich now own almost everything (including the media outlets and tech platforms we use to communicate), it also means that we live in a world awash in glowing panegyrics to these monopolists,raiders, and conmen. We also live in a country where both political parties are captured and compromised by monopolistic moneyed interests (all of this is elucidated in this rather superb Atlantic essay about how the political crisis of the 21st century is taking us much further down “the road to serfdom” than we would have imagined).


Obviously in addressing these problems, I am talking about President Trump, but I don’t think Trump is actually a billionaire.  He lost his inherited fortune in the 80s and has been adding billions and billions of dollars of increasingly shady debt ever since.  However he certainly identifies as a billionaire (snicker) and he serves the crooked schemes of oligarchs…and the even darker schemes of his unknown true creditors. It is these finance, tech, and real-estate tycoons who are the real problem.  Unfortunately it is difficult to even fathom how they are removing real competition from the system or real political power from the hands of voters.  Here is a rather fascinating article about he true darkness of money in politics.

If you followed that link you will see it was mostly about money in conservative political circles, but the Democratic Party has a similar problem.  Every day some new Christian Gray flies out of the sky and offers to tie us up and save us from ourselves.  “Come on, you know you’ll like it” says Bloomberg as he pushes us onto a stained sofa and fumbles for the straps.

In case you are laboring under the ingenuous middle-class fantasy that this applies to all of those slutty self-hating poor people but not to a worthy, hot, hard-working burgher like yourself then wake up! We are all poor compared to people whose net worth is measured in nine and ten and figures.  The prevalence of SLAPP suits, K Street consultants, and secret nondisclosure agreements  with Epsteins,  Weinsteins, and Michael Jacksons reflects a world where the rich are too big to fail and the rest of us are two small to ever succeed.

It all needs to change. Instead of wasting your life in some monopolistic company’s taupe open office while counting other people’s money or building marketing concepts for stuff you can’t afford, you could have your own business.  Instead of health care that can only be obtained through working for a gigantic company, we could have a real safety net.  We need rules and regulations, but not the sort of rules that can only be followed by organizations with giant compliance departments and that only benefit huge corporate cartels.  Barriers to market entry that are too high for anyone who isn’t an international oligarch. Globalism is the story of how vast new international cartels and oligopolies have broken politics and culture in such a way that we can’t even respond (except with essays that nobody reads).

This is unacceptable.  Let us talk about how to rewrite this bad codependant SM tale.


The French were the original masters of the erotic tale.  From Clovis I until Louis XVI, they wrote an unrivaled “Shades of Gray” style series of bondage novels which started hard and grew even more perverted and extreme as the centuries rolled by.  But the French people got tired of this series and flipped the script and rewrote the whole premise in the boldest way possible.  Perhaps we need to think of doing some radical editing and rewriting before the story of our own lives becomes even more like “Fifty Shades of Gray” and “The Story of O”.

We can rewrite this tale with thoughtful political reform and  redistribution (we use to call such thing taxes and expect everyone to pay their fair share so we could have a society and make real scientific discoveries).  Billionaires need to sign up for this and agree to just being extremely wealthy instead of needing to have ALL the wealth. Otherwise someday they will find not President Trump or Bloomberg, but President Robespierre.  They should think that the forces we are now unleashing could result in billionaires getting screwed too. Not the Christian Gray way.  The French 1789 way.


Ye Olde Ferrebeekeeper Archives

October 2021