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
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…
Warren Buffett: What Most Investors Don't Understand About Risk
Can you please elaborate your views on risk? You clearly aren’t a fan of relying on statistical probabilities, and you highlight the need for 20 billion dollars in cash to feel comfortable. Why is that the magic number, and has it changed over time? Yeah…
Tech startups live and die by their speed of shipping software.
I was the single non-technical person on a four-person co-founding team at Justin TV and Twitch. And like, I’ll just make it plain: without my three other co-founders, none of that happens. Ideas are a dime a dozen. I think that more business people need…
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…
The Slight Edge by Jeff Olson: Summary
Hey, it’s Joey and welcome to Better Ideas! If you’re like most people, you’ve had a vision of your potential future self: the richer, better looking, better groomed, happier version of yourself. Have you ever wondered if you can actually, you know, be t…
15 Steps to Master SELF-MOTIVATION
Hello, Alexers! It feels amazing to finally get to do this video. Those of you who have been subscribed to this channel for a while have been requesting it, and as we promised last week, here it finally is. Life is hard, right? Most of the time, you’re go…