I'm not sure if my comment will be posted. It might, but just in case, here is what I had to say about his most recent blog article Double Indemnity...
In most respects I see your point, but where I separate is the notion that companies like Boeing, Lockheed, etc. are genuinely considered "private" companies. They are government contractors, nothing more. They don't build and sell products or services to the general public, at least not that I'm aware of. Their entire business model relies on the American tax payer, not the global consumer.
The New Space (Commercial) movement has one main goal in mind, to make space available to almost everyone, much like the airline industry makes travel around the world available to almost everyone. With this initiative, the target market is not the government, but average everyday people who deserve the opportunity to go into space, something that is currently restricted to specially appointed people as so deemed worthy by the government, or those with significantly deep pockets to pay for a space tourist ride on their own (and that's Russia doing it, not us).
The history lesson of air mail is justifiable and worthy if we don't learn from past mistakes and repeat the idiocy that was rampant then. I find it hard to believe we'd let the Commercial Space Industry fall on its face, because too many dollars and too much is at stake. Proper regulation, mixed with proper incentives and growth capability, is what will allow the private sector to assume control of the space from LEO to the Moon.
Let NASA and other governments focus on beyond, until the private industry catches and passes them of course.