Private Space Flight

I've had more than a few political arguments with Rand Simberg, chief cook and bottlewasher over at Transterrestrial Musings. However, he is an expert on rocket development, and well-informed about the current state of the industry.

He recently posted the most cogent analysis of why private spaceship development is not only possible but necessary. It's a lengthy essay called The Path Not Taken, and it's well-worth the read. Go get a refill of your preferred beverage and read it.