More than that: the market doesn't see past quarterly earnings. Private industry spends a lot on R&D but next to nothing on basic research [0]. Dollar for dol

More than that: the market doesn't see past quarterly earnings. Private industry spends a lot on R&D but next to nothing on basic research [0]. Dollar for dollar, academic research that is not beholden to shareholder value theory produces science that is more useful for society. 0. https://ncses.nsf.gov/pubs/nsb20201/u-s-r-d-performance-and-funding https://ncses.nsf.gov/pubs/nsb20201/u-s-r-d-performance-and-...