Dear Aurthur,
A *great* essay! While I touched briefly on the importance of building a space-faring civilization in my essay ( Three Crucial Technologies ), you expanded the concept into a sharply defined vision.
My first concern is that without mature nanotechnology, building a "Greater Earth" will be *really* difficult, unsafe, and expensive. It's still worth it, but the average person (and the average politician) will not think so. So it will not happen until one spacecraft's worth of people can sell all their worldly possessions to colonize the Moon or an asteroid. Historically, this is how colonies in the New World (and the West) were founded.
SPS is a great idea, and I've been a fan ever since I met Peter Glaser and Gerry O'Neill. That being said, I don't see how it will happen until the heat capture of solar cells (which you mentioned) becomes a problem. Already, the cost of photovoltaic cells is less than the installation cost, and grid parity is near. That undercuts SPS in the near term, but enables it in the long term.
My second concern is that even if we get nanotech, which more easily enables a "Greater Earth", we will still have many of the problems we have today (war, injustice, ignorance), which is why I think that building AIs who can help us reason better about ethics might be a good idea. Then again, we might ignore them just as we ignore the human saints and prophets of today.
-Tee