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
15 Things You Didn't Know About GUCCI
Fifteen things you didn’t know about Gucci. Welcome to A Luxe Calm, the place where future billionaires come to get inspired. Hello, A Luxor’s, and welcome back to another fantastic video! Thanks to the huge response to our high-end fashion videos, we’ve …
BREAKING: The FED Pauses Rates, Housing Declines, Recession Cancelled
What’s up, Graham? It’s guys here, and well, everything is going to… After falling stock prices, brand new recession warnings, and mortgages reaching their highest level in 23 years, the Federal Reserve has once again decided to pause the rate hikes for t…
Being Unhappy Is Very Inefficient
Besides, I’m too smart for it. The other objection is I don’t want it to lower my productivity. I don’t want to have less desire or less work ethic. Fact-check, and that is true. The more happy you are, the more content and peaceful you are. That’s less l…
Death & Dynasties
Rulers are often related, with power passing from member to member, forming a dynasty. This occurs not just with royalty or dictators, but also with representatives in a democracy. Families frequently pass power or compete with other families for a turn a…
Importing modules | Intro to CS - Python | Khan Academy
If you were building a bike, you would probably go off and get a seat, a set of handlebars, a set of tires, and then assemble those pieces together. You wouldn’t harvest your own rubber and try and forge a tire from scratch. With programming, we do the sa…
MATH MAGIC and a NEW LEANBACK
Hey, Vsauce. Michael here. And this video is to tell you that I released a brand new Vsauce leanback - a playlist of some of my favourite videos from all over YouTube, with me hosting in between. You can only really watch it on a computer, so if you’re on…