Neal Stephenson on Space Stasis

Neal Stephenson has a post in Slate on space stasis:

It is illuminating here, though utterly conjectural, to imagine a dialog, set in the offices of a large telecommunications firm during the 1960s, between a business development executive and an engineer.

Biz Dev Guy: We could make a preposterous amount of money from communications satellites.
Engineer: It will be expensive to build those, but even so, nothing compared to the cost of building the machines needed to launch them into orbit.
Biz Dev Guy: Funny you should mention that. It so happens that our government has already put $4 trillion into building the rockets and supporting technology we need. There’s only one catch.
Engineer: OK, I’ll bite. What is the catch?
Biz Dev Guy: Your communications satellite has to be the size, shape, and weight of a hydrogen bomb.