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That is like saying we shouldn't study/build warning systems for tornadoes, hurricanes, earthquakes, volcanoes, tsunamis, etc. because each are relatively rare and only affect certain areas. If people are too stupid to look at all the craters around the world and infer what such a phenomenon happening again (when we have the technology to stop it), then they don't deserve an adequate detection system.
The Spaceguard Program is wholly inadequate. We can survive all of the above (with maybe the exception of Yellowstone). An asteroid/comet would be devastating to all of mankind (and those precious animals and plants). Sadly, we might have to sell the program as the ladder lol
The problem with Spaceguard is the fact it's an international program, but very little governmental cooperation so to speak. Sure scientists look at the greater good and share information, but distrusting governments do and probably would be split on whether to inform the world's population about an impending disaster like an asteroid or comet strike.
It's just not sexy enough to get better funding like a Mars mission or the likes would be. But I agree in principle it's probably in the top three things that should be funded as well as counters.