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 price controls reallocate surplus | APⓇ Microeconomics | Khan Academy
What we’re going to talk about in this video is the effect of price controls on changing how the surplus, the total surplus, is reallocated between consumers and producers. We already touched on this in other videos, the video on rent control, the video o…
The Real Estate Investor who has over 80 tenants paying him EVERY MONTH!
A spacious studio with character and charm. No one can hear your screams. Oh Shh! Once you put it into wood, it’s gonna shake your arm a lot. What’s up, you guys? It’s Graham here. So, I’m about to meet up with a real estate investor here in London, Ontar…
What is Time?
Time is something that everyone is familiar with: 60 seconds is one minute, 60 minutes is one hour, 24 hours is one day, and so on. This is known as Linear Time and is something that everyone is familiar with and agrees upon. But consider this: if someone…
How Much Does a Shadow Weigh?
Hey, Vsauce. Michael here. And I’m sure that we all love to have fun with hand shadows, but how much does a shadow weigh? It might sound like a silly question, because it is. I mean, a shadow cannot be put on a scale and weighed. But the material that it…
Autumn in Canada | National Geographic
What I love about this trip is that it’s an opportunity to explore places that I haven’t had a chance to explore before. We are setting out from Toronto, but we’re taking the slow road up through Muskoka, cross through Algonquin Park, through the Ottawa V…
Craig Cannon on Podcasting with Adora Cheung
Welcome! I am Adore Chun. I’m a partner at Y Combinator, and I am here interviewing Craig Kenan. How’s it going? Good, how are you doing? I’m doing very well, great! Thanks for being here and for being on your own podcast. No problem! I had a great ti…