Episode Summary
Executive Summary: Zach and Kelly Wienersmith discuss their book Soonish, which surveys technologies that may reshape society: cheaper space access, asteroid resource use, programmable matter, origami robots, and augmented reality. They emphasize how emerging tech often differs from popular expectations, offering huge gains but also serious social, economic, and security risks.
Main Topics: Why write Soonish (Priority: 5/5): The authors explain that the book was driven by personal curiosity and a desire to dig beneath media hype into the real technical and economic details of emerging technologies. The economics of space launch (Priority: 5/5): They stress that the main bottleneck in space is not distance but escaping Earth's gravity well and reaching orbital velocity, which makes launch extremely expensive. Reusable rockets and future launch systems (Priority: 5/5): SpaceX-style reuse is presented as the most promising near-term path to lowering launch costs, while long-shot ideas like space elevators and space cannons could be transformative but face major technical barriers. Asteroid mining and in-space industrialization (Priority: 4/5): Asteroids are portrayed less as a source of rare Earth-bound riches and more as a potential supply base for building infrastructure in space using local materials like water, iron, and oxygen. Programmable matter and origami robots (Priority: 4/5): The conversation explores self-reconfiguring materials and tiny medical robots, highlighting both promising applications like targeted drug delivery and fundamental computational/scaling limits. Augmented reality's promise and risks (Priority: 5/5): Augmented reality is framed as a soon-to-arrive technology that could improve training, disaster response, and medicine, but also deepen social fragmentation, surveillance, and reality-distortion problems. Technology, culture, and unintended consequences (Priority: 4/5): Throughout, the guests emphasize that technological progress can improve productivity and capability, but its social impact depends heavily on institutions, incentives, and cultural norms.
Key Arguments: Getting to space is hard mainly because escaping Earth’s gravity well requires extreme speed; once in orbit, moving around is comparatively easy. Launch cost, not interplanetary travel per se, is the central economic obstacle for a more expansive space economy. Reusable boosters could significantly reduce per-pound launch costs, but refurbishment and landing reliability remain difficult and costly. A space elevator could cut costs dramatically in theory, but material science has not produced a cable strong and long enough to make it feasible. Asteroid mining is likely more useful for building space infrastructure than for importing precious metals back to Earth. Programmable matter faces a deep computational challenge because coordinating huge numbers of tiny units into arbitrary shapes is vastly more complex than it first appears. Origami robots may be practical sooner in medicine than in consumer “shape-shifting” hardware, especially for tasks like dislodging swallowed batteries or targeted drug delivery. Augmented reality could act as a high-bandwidth training and decision-support system, helping humans do complex work more accurately and quickly. The downside of AR is that it could amplify ideological bubbles, censorship disputes, harassment, surveillance, and emotional disengagement from real life. The social effects of these technologies are not predetermined; culture, regulation, and human preferences will strongly shape how beneficial or harmful they become.
Data Points: Current launch cost: about $10,000 per pound - Approximate cost to send payload into space at present, used to motivate cheaper launch technologies Rocket mass as propellant: about 80% - Rough breakdown of a rocket's mass devoted to propellant Rocket mass as body: about 16% - Approximate share of a rocket that is the vehicle itself Payload fraction: about 4% - Efficient rockets may devote only around 4% of mass to the actual payload Space elevator cost estimate: about $250 per pound - Projected launch cost if a space elevator were feasible Space elevator cable length: 100,000 kilometers / 62,000 miles - Estimated length of the cable required for a space elevator Carbon nanotube continuous length plateau: about 1.5 feet - Real-world nanotube lengths plateaued far below what a space elevator would require ISS altitude: about 250 to 300 miles high - Used to illustrate that being in orbit is less about height and more about speed Orbital speed requirement: Mach 20-ish - Approximate speed needed to reach escape/orbital conditions as described in the discussion Swallowed battery cases: 3,500 per year - U.S. estimate of children or others swallowing watch batteries and needing them dislodged Kilobots count: 1,024 robots - Example of a real-world modular robotics system used to show scaling limits Kilobots reconfiguration time: about 6 hours - Time for a small robot swarm to reconfigure from one shape to another in a demo Pointing direction for rocket launches: east - Launching east gains a boost from Earth’s rotation, especially near the equator
Pivotal Quotes: "the hard part is getting out of the well. Zipping around is relatively easy" — Zach Wiener-Smith: Explaining why launch, not in-space travel, is the main barrier to space development "we take a rocket and we essentially dump large chunks of the rocket into the ocean and throw them away with no intention of reusing them" — Kelly Wiener-Smith: Describing the inefficiency of current expendable rocket launch economics "once you reach that high speed, it's relatively easy to do whatever you want, but it's very energetically expensive to achieve that speed" — Zach Wiener-Smith: Clarifying that orbital velocity, not altitude alone, is what makes space access difficult
Implications: If launch costs fall and AR/robotics mature, space industry, medicine, and labor productivity could change sharply. But the same tools may also intensify surveillance, inequality, and manipulation unless norms and rules evolve with them.
About Economics Detective
Economics Detective Radio is a podcast about markets, ideas, institutions, and all things related to the field of economics. Episodes consist of long-form interviews and are generally released on Fridays. Topics include economic theory, economic history, the history of thought, money, banking, finance, macroeconomics, public choice, business cycles, health care, education, international trade, and anything else of interest to economists, students, and serious amateurs interested in the scienc...