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Not yet. Much of the world doesn’t yet have access to vaccine. Let’s remind ourselves that, these technologies are products of decades of scientific effort fu
by aborsy 5y ago
Not yet.
Much of the world doesn’t yet have access to vaccine.
Let’s remind ourselves that, these technologies are products of decades of scientific effort funded by public. Many of these projects never pan out (public pays for risk). VC and private sector join only when technology is sufficiently mature, and will pocket the lion share of the profit. Even within the private sector, gains and risks of technology are not widely shared. This is how it works, but let’s get the credit assignment right.
Of course, technology also creates problems that are often passed to public (socialized risk, private profits), until the next iteration of the above process. Environmental damage is a case in point.
So, yes, science and technology are wonderful, but let’s share the productivity gains widely, and let us all contribute to the effort (directly, and through fair taxation and policies).