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
Organism life history and fecundity | Ecology | Khan Academy
We’re going to talk about in this video is what I consider one of the most fascinating subjects in biology, and that’s the variation we see from species to species in life histories and life spans and their rate of reproduction. For example, we have thre…
Going All In - The BECKY ETF Explained
What’s up, Graham? It’s guys here. So, as much as we love to say that time in the market beats timing the market or index funds outperform 96 percent of actively managed investments, let’s be real. Deep down, there’s a small piece in all of us who wants t…
How To Deal With Setbacks
It’s like saying that you want to be a boxer, but like after you get really good at boxing, you’ll never have to take a punch again. It’s like, no, the sport, people, that’s the sport of the game we’re playing. All right, this is Michael Seibel with Dalt…
How to Create a Soundtrack for National Geographic with ‘Queens’ composer Morgan Kibby | QUEENS
National Geographics Queens celebrates powerful female leaders in the natural world, and behind every inspirational animal on screen is an equally gritty and determined woman. All the women on this Queen’s Journey are true leaders—fierce, smart, resilient…
The Fed's BIG Response to the U.S. Bank Collapses (Silicon Valley Bank Bailout)
So as you might have seen, last week two big U.S. banks, that being Silicon Valley Bank and Silvergate, collapsed. Silvergate is, or was, a bank focused on cryptocurrency projects with 6.3 billion in deposits as of December 2022. Whereas Silicon Valley Ba…
Big Short Investor's Warning About Interest Rates in 2024
I think the expectation that the FED will cut rates three times from where I’m sitting is wrong. It’s just everybody’s coming to the year so bullish. If there are any disappointments, you know what’s going to hold the market up after two years of rate hik…