yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Why There Is No Alternative to Publicly Funded Science Research | Avideh Zakhor | Big Think


2m read
·Nov 3, 2024

They call it "Little Science versus Big Science." So the trend in big science is now, "Okay, wow. We’re going to have a mega-center of $50 million a year going to University of X, and a hundred scientists are all going to be working on this one gigantic project." And examples of those are particle physics experiments where you need a huge amount of capital.

The trend in government funding is more towards more and more big science, and little science is kind of getting ignored. But small science is, you know, individual investigators or scientists thinking about an idea that is very risky. You still don’t know whether it warrants $50 million worth of investment in terms of further scientific inquiry, but a little bit of money could go a long way.

When I visited Capitol Hill I didn’t feel that there was a lot of scientific ignorance going on but more like political ideology as to how government funding and where government funding should be applied. So, for example, when I described the project that we were working on at the time at UC Berkeley that was being commercialized by the Department of Energy into a "real" company, some of the people that we met in Capitol Hill thought that government should not be in the business of funding companies to make products.

They thought that venture capitalists should. And my response to that was, "Well, if you visit run-of-the-mill Sandhill Road venture capitalists in the Bay area, they’re mostly interested in social media kind of companies: 'Who’s going to beat Facebook? Who’s going to be the next Twitter? Who’s going to be the next Linked In? Or who’s going to be the next Google,' which has a huge advertising revenue."

And so there’s two things there: One is, smaller projects that have bigger impact and societal impact kind of get ignored. Also, niche technologies that we can build on for future things will not thrive; they will go away. I mean a lot of the things that we’re reaping the benefit of today are because of the basic scientific research that we funded in the 60s and the 70s and the 80s.

So if they stop doing that kind of funding by the government, after a while we just won’t have anything to build on top of. We’ll just be advertising to each other and connecting with each other on social media. And that’s it. And that’s not where we want to end up.

So there is a role for government in terms of promoting scientific research for both the sake of scientific research and also for commercializing the scientific research. The government is the only entity that can take a slightly longer point of view in terms of these developments. But I think it’s good for that to happen because sometimes good ideas need a little bit of funding before they can become bigger ideas.

More Articles

View All
The BIGGEST PROBLEM with renting your home on Airbnb...
What’s up you guys, it’s Graham here. So here’s a very common scenario that I see happening a lot, and a very stark warning for anyone out there who wants to rent their property on Airbnb. The situation usually goes a little bit something like this: an i…
BREAKING: THE NEXT STIMULUS CHECK CONFIRMED | ALL DETAILS REVEALED
What’s up you guys? It’s Graham here. So, it’s that time again. The next stimulus package is underway, and now that time has come because we’ve just gotten an inside look into the new stimulus draft that was just released yesterday. Now we could dive into…
How does voter turnout in midterms compare to presidential elections? | Khan Academy
How does voter turnout in midterms compare to presidential elections? Traditionally, midterm elections have been years in which the voter turnout is much lower than a presidential election. Particularly in recent history, the American political scene has …
Financial Tips for Millennials: Part 2
The second thing is how do I save? Well, what should I put my saving in? When thinking about what you should put your saving in, realize that the least risk investment, the one you think is the least risk investment, which is cash, is the worst investmen…
THE ULTIMATE STOIC GUIDE ON HOW TO BE HAPPIER IN LIFE | STOICISM INSIGHTS
Welcome back to Stoicism Insights, your guide to unlocking the wisdom of the ancients for a modern world. I’m thrilled to have you join us once again as we embark on a journey of self-discovery and introspection. Today we’re diving deep into the heart of…
How to be more disciplined (animated short story)
Oh, meet Lucas. He’s a young man about to enter college. He’s had a difficult life growing up with his only parent, his mother, and his younger sister. Due to his difficulties in facing his adversities, he’s lived a fairly unhealthy life and constantly in…