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Basic research is very important, but you are overstating it's importance vs the development work to get it from there to market. That's the hard, and resource
by fallingknife 5y ago
Basic research is very important, but you are overstating it's importance vs the development work to get it from there to market. That's the hard, and resource intensive, part, and is usually done by the private sector. For example, not much that SpaceX has done is new idea. They have just been the first to execute, and that is where almost all of the market value is.
- digitaltrees 5y agoI am pointing out that the free market won’t invest in the first foundational research specifically because it isn’t yet viable. Government is the only social actor that can fill the void. SpaceX is not the first to act. Government was. SpaceX wouldn’t be viable now without government contracts so that example is not persuasive.