Probably why the just send unmanned probes now. Been there done that. Also the cost is pretty astronomical for the pleasure of kicking up some dirt and writing kilroy was there.
The wealthiest nations are all moving toward having space forces.
I think it's inevitable. If China sets up a moon base, do we want to be left out?
If you get caught up with that, then it will be an expenditure. Unmanned probes are what they are doing now. To have a sustained manned base is not worth the costs and is not sustainably at this time. What would a moon base be capable of? Exploration maybe, Military , I would say no as what are you protecting from that distance. Feel good moment. The best bet is to work together with other nations. China has yet to even get a man to the moon. By spreading this cost it will build a sense of unity. Yeah they may get your technology but if we can figure it out so can they eventually. We don't need another space race.
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The potential resources such as steel and water that can be put into space would be cheaper to export off the moons surface than Earths. Things such as silicone and other rare elements if found on the moon are essential for the construction of electronic parts. That would be the building blocks for a reusable ship to explore the solar system.
Even better would be a iron nickel asteroid knocked into Earth orbit when it makes a near pass for cheap building materials.
A colony on the moon in unfeasible because the gravity on the moon isn't enough to maintain one's health. Even a Mars colony is questionable due to the gravity being only half that of Earth.
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Couldn't they build artificial gravity structures that rotate for living and most routine activities?
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Yes. Knock a asteroid in one of the Lagrangian points of Lunar orbit then build a habitat ring near it with a spin. Then they can mine the asteroid and keep building onto the ring.
After that find a way to move Venus and Ganymede (one of Jupiter's moons) into Earth orbit so all three planets are sixty degrees apart along the orbital plane and start Terra-forming.
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Actually I was referring to terrestrial habitats
The Moon's Lagrangian points are safe places to park large 'rotating' habitats.
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