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Comparing basic science research with commercial product research is comparing apples with oranges. Governments spend research money on space research, particl
by belorn 3y ago
Comparing basic science research with commercial product research is comparing apples with oranges.
Governments spend research money on space research, particle accelerator, fusion research, basic medical research, and similar that do not intend to turn a profit. National Institutes of Health for example spends more on basic medical research than all of industry combined. The health industry takes that research and uses it to develop products, which combined R&D are several times that of the budget of NiH. $1 of NiH basic medical research is not the same as $1 R&D by a medical company, and especially not the same as $1 going into production. Spending $1 to produce a pill may save a life. $1 of NiH basic medical research may save a population.