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One of the things that makes research "basic research" is that there isn't an obvious financial incentive for it. IBM, AT&T and Xerox at the height if their mo
by JackFr 8y ago
One of the things that makes research "basic research" is that there isn't an obvious financial incentive for it. IBM, AT&T and Xerox at the height if their monopolies could afford to do some, but in general it's a financial loss on the timescale of a human or a corporation.
But what we see sometimes (alternative energy, drug research, e.g.) is government funding of applied research, and that isn't good for the market or the science, and should be called out.
- Retric 8y agoLocking up applied research at companies often creates a lot waste as several companies do the same research and don’t share their results outside of patents/products.