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To put a finer point on this, the capitalistic enterprises that many are very excited about and believe will solve problems via the invisible hand, may not not
by jordanpg 2y ago
To put a finer point on this, the capitalistic enterprises that many are very excited about and believe will solve problems via the invisible hand, may not not pursue basic research because you can't demonstrate potential profit in it to an investor.
But of course basic research, including all of its false starts, failures, and irrelevant discoveries, are precisely what lays the groundwork for the for-profit enterprises that come later.