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
It Started: Car Prices Are Falling 50%
What’s up, Grandma’s guys here! And it’s official: after seemingly unstoppable growth, the used car market has begun to collapse. A new report from Black Book just found that subcompact car prices have declined 3.68% in just the last week alone. As wholes…
Fireside Chat with Ivana Djuretic of Asher Bio
Welcome back! Next, we have a fireside chat with YC’s Jared Friedman and Ivana Dreadich. Yeah, let’s give them both a big round of applause! Ivana is the founder and founding CEO of Asher Bio. Uh, before we get started, go ahead and take a seat. But befo…
Real Estate Is About To Drop - Again
What’s up you guys, it’s Graham here! So, I’m sure it’s no surprise that lately, it’s been impossible to check the news without seeing some of the most astonishing real estate related headlines. Like, “Home sales jumped to a 14-year high,” “Prices soared …
Worked example finding area under density curves | AP Statistics | Khan Academy
Consider the density curve below. This density curve doesn’t look like the ones we typically see that are a little bit curvier, but this is a little easier for us to work with and figure out areas. They ask us to find the percent of the area under the de…
Worked example: Rewriting expressions by completing the square | High School Math | Khan Academy
Let’s see if we can take this quadratic expression here, ( x^2 + 16x + 9 ), and write it in this form. You might be saying, “Hey Sal, why do I even need to worry about this?” One, it is just good algebraic practice to be able to manipulate things. But as…
These are the most INSANE mansions of Beverly Hills 90210
Let’s see if we can clear this without scraping. Make sure to smash that like button. If this video gets three thousand likes, then I’m not gonna scrape; otherwise, if it doesn’t get three thousand likes, I’m gonna scrape my bumper pretty bad here. Oh, w…