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
Inverse matrices and matrix equations | Matrices | Precalculus | Khan Academy
In a previous video, we talked about how you can represent a system of equations as essentially a matrix equation. So, for example, here I have two equations with two unknowns, x and y. Well, let’s just assume that we know what a, b, p, c, d, and q, r are…
Limits at infinity using algebra | Limits | Differential Calculus | Khan Academy
Let’s think about the limit of the square root of 100 plus x minus the square root of x as x approaches infinity. I encourage you to pause this video and try to figure this out on your own. So, I’m assuming you’ve had a go at it. First, let’s just try to…
The Less You Want, The More You Have | Minimalist Philosophy for Living in Abundance
Imagine that we need one million dollars to be happy. If that’s the case, then as long as we don’t reach this amount, we’re unhappy. If we look at humanity’s poverty and its small percentage of millionaires, we can conclude that happiness is scarce if it …
The Next Stock Market Collapse | 6 Ways To Make Money
What’s down you guys? It’s the stock market here, and I feel like it’s about time we address a topic that’s come up a lot the other day. That would be the next stock market crash. After all, just days after Morgan Stanley warned us about a potential 15% c…
Here's Why I AM the BEST Salesman in the World! | Kevin O'Leary
[Music] So, Shark Tank, luck. People don’t understand it’s a really grueling, tough, long day, and you got to be sharp because you’re basically buying and selling millions of dollars worth of product. So, that means you can’t go there with a hangover. Bel…
Western MBA 1980 Five Years Out Trailer mp4
I think the common experience of working through this extremely demanding program and working through it in groups produces relationships and friendships that last people throughout their entire management career. You see an interesting thing happening at…