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"Basic science is currently a socialist enterprise, funded by the taxpayer, with the results available to society at large." One current problem is that this i
by jlcx 13y ago
"Basic science is currently a socialist enterprise, funded
by the taxpayer, with the results available to society at
large."
One current problem is that this is that the results are not always available to society at large; I've seen a lot of stories on HN about attempts to change that.
"Since the benefits of scientific advances
are consumed by everyone, no individual has a strong financial incentive to invest in basic research."
Related to this point, patent law causes companies to focus more on efforts that lead to patentable inventions, and therefore away from basic science, which is unpatentable.
- wes-exp 13y agoI don't think this it is the fault of patent law that companies do not fund basic research. I think is it just the fact that it is very hard to profit from basic research, fundamentally. If anything, patent law (for all its faults) at least tries to create some incentives.