Mahfi Eğilmez evaluates Turkish astronaut Gezeravcı's space journey

Economist Mahfi Eğilmez addressed the space journey of the first Turkish astronaut, Alper Gezeravcı, in a post on his blog titled "Cost-benefit analysis." Eğilmez made significant observations regarding the money spent on this journey.

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Mahfi Eğilmez evaluates Turkish astronaut Gezeravcı's space journey

Eğilmez stated, "Asking what we gave up by paying 55 million dollars to the owners of a spacecraft to send a Turkish astronaut into space on a vessel that we had no part in building and that will provide us with no contribution is a good example of the concept of opportunity cost."

Economist Mahfi Eğilmez criticized Turkey's adventure of sending an astronaut to space by paying 55 million dollars, saying, "Asking what we gave up by paying 55 million dollars to the owners of a spacecraft to send a Turkish astronaut into space on a vessel that we had no part in building and that will provide us with no contribution is a good example of the concept of opportunity cost."

Eğilmez said the following in the relevant section of his article:

"According to some, a typical vanity investment"

"Asking what we gave up by paying 55 million dollars to the owners of a spacecraft to send a Turkish astronaut into space on a vessel that we had no part in building and that will provide us with no contribution is a good example of the concept of opportunity cost.

According to some, this is an election investment; according to others, it is a typical vanity investment.

Regardless of which category it falls into, it is clear that it imposes a cost that will provide no return to the country and that many beneficial investments that could have been made in its place were abandoned.

"North Korea is proud of its president who launches missiles into space"

Similar investment examples are frequently made by North Korea.

While its neighbor South Korea creates global brands as a result of its investments, primarily in education and technology, and joins the ranks of developed countries by selling them to the whole world, North Korea launches missiles, makes military industry investments, and develops weapons.

North Korea's per capita income is one-thirtieth that of South Korea: Its people live in misery, but they are proud of their president who launches missiles into space."

News Source: 12punto