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A number of science fiction stories, including novels by Arthur C, Clarke, Robert Forward, and Kim Stanley Robinson, have involved space elevators on Earth and Mars. These have all been set many decades in the future; the elevator cables were meters and even kilometers in diameter and massed in the billions of tons. In some of them, the horrific destruction caused by the cable breaking and falling was an important story element.
The proposed HighLift Space Elevator bears very little resemblence to the space elevators of science fiction. Rather than a cable as big around as a sequoia, it will be about the size of a sheet of paper. Rather than huge trains running up and down on magnetic tracks, climbers the size of a dump truck will grip the ribbon between two rollers and pull themselves up.
The quantities really are tiny, but just to be complete, a climber going up pushes the entire elevator slightly to the east, causing it to lean. However, the ribbon recovers for the same reason that it stays up in the first place. Centripetal acceleration is acting on the upper two-thirds pulling it outward, and the lost angular momentum is replaced very quickly (essentially as fast as it is lost). The ribbon will never loose enough angular momentum to even deflect a single degree let alone fall. The extra angular momentum is stolen from the Earth's rotation; we will have to worry about this effect slowing down the Earth and making the day longer if we ever decide to ship Australia into space.

The anchor is located in the equatorial Pacific 400 miles from any air or shipping lanes. The ribbon would also have restricted airspace around it. The ribbon and anchor would be protected like any other valuable piece of property, in this case probably by the U.S. military.
Updated: RGM 2/6/2003 2:37:14 PM