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> Private industry generously rewards innovation. This is a unfounded assertion, not a fact. A more correct statement would probably be: private industry some
by jhayward 8y ago
> Private industry generously rewards innovation.
This is a unfounded assertion, not a fact.
A more correct statement would probably be: private industry sometimes generously rewards some innovation, as long as that innovation can be captured, monopolized, and monetized.
There are many innovations, both realized and that one can imagine, that would absolutely not be rewarded but would be nonetheless hugely significant in health and well-being.
As example, consider the whole “Is curing patients a sustainable business model?” question raised by a Goldman Sachs analyst. [1]
[1] https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patients-a-sustainable-business-model.html https://www.cnbc.com/2018/04/11/goldman-asks-is-curing-patie...