4 ms·
I agree with more funding of scientific research, but why not use X-prizes instead of direct grants to non-profits? When we have a clear objective in mind (i.e
by dcolkitt 6y ago
I agree with more funding of scientific research, but why not use X-prizes instead of direct grants to non-profits?
When we have a clear objective in mind (i.e. develop a new antibiotic with no pre-existing resistance in the wild), X-prizes tend to produce much better ROIs. For-profit organizations tend to be much more efficient at hitting concrete targets. An X-prize also doesn't require the government to directly pick winners and losers, or evaluate intermediate progress. That sidesteps a lot of the risk of political corruption that inevitably creeps in with big government budgets.
- mmazing 6y agoI think that makes total sense in terms of coming up with a solution to a specific objective. However, since antibiotic resistance, and treatment of diseases in general (COVID, for example) is a moving target - it would be nice to have machinery in place for solving these problems as they come. Regarding political funding, that's a whole different problem in itself.