Taxation without representation is theft. If you live in a modern western democratic society, that is not the case. In my experience, in both academia and indu

Taxation without representation is theft. If you live in a modern western democratic society, that is not the case. In my experience, in both academia and industry, industry often gets the better deal. They can effectively socialize the risks to the public sphere and then when there's a clear path to make profits, take the reins. I think that hybrid system tends to work the best to mitigate the evils of both sides. A good example is SpaceX. There would be no SpaceX without NASA and most of the earliest flights were self-insured by the govt. Their SpaceAct agreement allows them to have access to all the support and expertise of NASA as long as they share their data. In exchange, the dinosaur of NASA has some new innovation led by the private sector. Once they proved themselves competent, their customer base expanded to private companies because the risk was now lower. I don't think any of that was likely to happen in a non-hybrid approach.