Comment by watwut
2 days ago
Cause goverments funds basic research and private sector does not. Also, results of private sector research are secret, patented and generally dont create competitive markets.
2 days ago
Cause goverments funds basic research and private sector does not. Also, results of private sector research are secret, patented and generally dont create competitive markets.
The amount of basic research funded by the private sector has been growing for decades. It is now a large percentage of the total in the US.
Government investment didn’t decline, private investment massively grew. Same thing happened in applied research decades earlier.