It’s the early 1960’s all over again…
I cringe at the thought, but there are a few differences today:
1. We have the 1960s as a lesson from which to learn.
2. We have a more purposeful goal than just setting foot on the Moon.
3. We have SpaceX, Blue Origin, and others.
The worst case will be the government pouring money into this stupidity so that politicians can sate their needs for prestige, then pull the rug out from under the entire effort. That would replicate the essence of the 1960s. Fortunately, we already went through the 1960s, so there should be enough people who can steer the politicians clear of a 1960s repeat. But those same politicians may get creative and come up with a different way to achieve the same idiotic result.
The best case will be that the government will move only as fast as commercial spaceflight companies are prepared to move. If the Chinese want to pour their resources into a prestige project, let them. Leave the slow and steady progress to the West, where they'll establish an industrial base that would make access to space a real and lasting part of our lives.
I wonder how long it would take SpaceX
et al to land people on the Moon if the government didn't tell companies how to do it and only said that they'd pay to have it done. How about a simple contract that sets the price per kilogram delivered to the surface of the Moon, and another set price per kilogram returned to Earth? From there, they can start working on the economics of robotic missions, manned missions, and so on.
Does anyone want to do the math for cost per kilogram to the Moon based on the cost per kilogram to LEO? Starship is aiming for $100/kg.