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I don’t really get why you think this isn’t a market solution, and I don’t really see where you think the problem is at all. Research institutions compete for f
by AmericanChopper 6y ago
I don’t really get why you think this isn’t a market solution, and I don’t really see where you think the problem is at all. Research institutions compete for fee paying students, endowments, and government funding. When they come up with marketable ideas, those ideas tend to make it to the market.
The fact that private capital can even find its way to funding ideas that have not and may never be proven to work completely disproves your point. Long term, high risk business propositions don’t seem unable to find investors. There is no tragedy of the commons here. If the market values something, there’ll be somebody willing to produce it. The only real room for disagreement is when the market doesn’t value something as much as you think it should.
> You’d have to state your measure for this. Scientific breakthroughs are not advancing at anywhere near the speed of the early 20th century
There’s more to science than quantum mechanics and a good approximation of gravity. It’s generally seen as rather obvious that our rate of innovation is increasing exponentially. I’m typing this comment on a pocket sized computer that’s orders of magnitude more powerful than the most powerful supercomputer in the world was on the day I was born.
https://www.nature.com/news/polopoly_fs/1.19431!/menu/main/topColumns/topLeftColumn/pdf/530398a.pdf?origin=ppub https://www.nature.com/news/polopoly_fs/1.19431!/menu/main/t...