With Satellite Launch, E.U. Positions Itself to Compete Navigational System Aims To Break U.S. Monopoly

The European Union on Wednesday launched the first satellite in its $4.5 billion Galileo global positioning system, a bid to enhance the world's growing reliance on satellite navigation and break the U.S. monopoly on space-based networks. (Washington Post, Friday)

If a real economy is going to flourish in space, then taxation, regulation, and property rights must be addressed.

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