Japanese company announces plans to build a 20,000 mile high space elevator by 2050

[mrstickball]

Acevil said:

mrstickball said:
Hope it works out. The country 1st to get the elevator will dominate the next century in economics.

The counterweight problem needs to be solved. 

I think that one isn't as big of a deal as it seems. The natural production of an elevator would demand a 'hub' at the end of the elevator. Ergo, the space dock would be a center of commerce and counterbalance itself. Much in the same way that ships demand a naval hub or port of commerce, which have traditionally become large cities in the process.