At the 2012 International Space Development Conference in Washington, D.C., XCOR Aerospace CEO Jeff Greason gives an important space policy speech, titled "The 20 Year Plan". The eloquent and brilliant speech was about commercial space and how to create viable space settlement. Mr. Greason argues that it is past time for the central planning of all space exploration efforts, that we can only be successful if we create the conditions that allow individuals, free people, to own the assets (labor and capital) that not only allow for subsistence, but for excess capacity, for success and failure. It is this excess capacity that will eventually result in wealth and trade.