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
How to Invest for Beginners (2022)
All right, here we go! Welcome, guys! In this video, I’m going to be doing a full beginner’s guide to investing in the stock market. So buckle up! If you’re a beginner, you want to invest but you’ve never bought a stock before, then this video is definite…
How Much Does a Shadow Weigh?
Hey, Vsauce. Michael here. And I’m sure that we all love to have fun with hand shadows, but how much does a shadow weigh? It might sound like a silly question, because it is. I mean, a shadow cannot be put on a scale and weighed. But the material that it…
Coal Mining's Environmental Impact | From The Ashes
[explosion] MARY ANNE HITT: To me, as somebody who had grown up in the mountains and loved the mountains, the idea that a coal company had the right to blow up an entire mountain and wipe it off the map forever was just unconscionable. These places are n…
Should Airships Make A Comeback?
Airships seem like a bad idea. Exhibit A. (bright upbeat music) It’s the greatest of miracles that anyone came out of the disaster alive. The Hindenberg was filled with over 200 million liters of hydrogen, but it also had an iron oxide and aluminum powd…
Why I’ll Never Rent On Airbnb
Metro Police cracking down on Airbnb and short-term rental properties, and the people who invested their money for some passive income aren’t getting it. Thousands of Airbnbs and short-term rentals consume and disappear from Atlanta. The short-term vacati…
LearnStorm Growth Mindset: How to write a SMART goal
Welcome back! So, we’ve learned that it’s important to keep working through your frustrations by using the right learning strategies. The more you work through your frustration, the more your brain grows, right? But it can be difficult to work through tha…