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> We subsidize scientific research to the tune of trillions of dollars Do you have a citation for that? Annual budget of the NSF is about $8 billion, covering
by sseagull 2y ago
> We subsidize scientific research to the tune of trillions of dollars
Do you have a citation for that? Annual budget of the NSF is about $8 billion, covering all of science. Total NIH is $45 billion, and that includes other things. DOE Office of Science is about $8 billion. I think both of those cover a vast majority of grants funded in academia.
I suppose if you factor in some sort of tax breaks you could increase that, but I doubt you would get to trillions.
(I say this because I feel people drastically overestimate the amount of funding science gets in the US. For example, compare the above numbers with the profits of big tech companies)
- poincaredisk 2y ago>I think both of those cover a vast majority of grants funded in academia In the US. Also even in the US, is NASA included in one of those? Looks like it costs around 20B yearly. There may be more from the US, and then there's, you know, the rest of the world combined too.
- sigmoid10 2y agoThose are just government programs (and even there it's missing a lot). Most research in the US is funded by the industry nowadays. But you can still easily make the case that the US government alone spent more than one trillion dollars on research in the last decade, even without looking at other countries [1]. And the EU spends a lot on the federal government level as well. [1] https://www.stlouisfed.org/on-the-economy/2018/may/rd-business-spending-up-government-spending-flat https://www.stlouisfed.org/on-the-economy/2018/may/rd-busine...