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
How to Analyze an Income Statement Like a Hedge Fund Analyst
Being able to understand and analyze a company’s income statement is one of the most foundational pieces of being a great investor. If you want to invest successfully, this is one of the most important skills in helping you make money by investing. In thi…
Magic Tricks with Larry Wilmore | StarTalk
Anytime I interview somebody, no matter who they are, I want to know if they have some hidden geek credentials. Almost everybody does; they just don’t admit to it in any other interview because they don’t get any street cred for doing so. But on Star Talk…
Lecture 2 - Team and Execution (Sam Altman)
Uh, before I jump into today’s lecture, I wanted to answer a few questions people emailed me. They said they had questions about the last lecture that we didn’t have time for. So if you have a question about what we covered last time, I’m welcome to answe…
Dividing 3-digit numbers by 2 digit-numbers | Grade 5 (TX TEKS) | Khan Academy
Let’s get a little bit more practice dividing. So let’s say we want to figure out what 868 divided by 28 is. Pause this video and see if you can figure that out. All right, now let’s work through this together. So we’re going to take 28, we’re going to d…
THE FED JUST BAILED OUT THE STOCK MARKET AGAIN
What’s up you guys, it’s Graham here. So it finally happened! It’s now official! We’ve been waiting weeks for this announcement to come to light, and until now we’ve just been hypothesizing about what’s going on and how this is going to impact everyone wa…
Hydrogen bonding | Intermolecular forces and properties | AP Chemistry | Khan Academy
Let’s talk about hydrogen bonds. Depicted here, I have three different types of molecules. On the left, I have ammonia; each ammonia molecule has one nitrogen bonded to three hydrogens. In the middle, I have something you’re probably very familiar with. I…