If we think of public funding as early stage (extremely risky) investment, then it's more like the lottery that angel investors and vcs play: most investments r

If we think of public funding as early stage (extremely risky) investment, then it's more like the lottery that angel investors and vcs play: most investments result in little to no public good but some will make up for bad investments. I definitely think we should push for fairer and more transparent public investment in science, but saying that all downstream benefits from publicly funded efforts cannot be privatized just seems to tilt incentives in the wrong direction.