James asks: Astronomy: What is it good for?
Seriously: getting a multi-minute lead story in a to-die-for demographic television show, and multiple prime time television news stories, front page headlines etc with eye-catching candy graphics, visceral messages that hit home, and light controversy people can argue and care about without it becoming violent.
Oh, and furthering our understanding of the universe, including conceptually revolutinising our understanding of ourselves and our place in the universe, several times; driving technological developments such as optics, spectroscopy, nuclear theory; and, figuring out a prime cause of mass extinctions, and providing Spaceguard - admittedly only as a minimal budget afterthought, but it is a start.
Anticipating and ameliorating non-linear externally driven pertrubations to the biosphere is a public good.
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As a wanna-be -but didn't quite make it astronomer myself. I think astronomy is also important as a means to interest young people in science, and especially the physical sciences. There's nothing like learning about the fantasical properties of astronomical object to facinate people, and pretty pictures hep too.