There are many things which should NOT be for profit (Healthcare, Prisons, Education, more), and research is one of them.
Do you want science advancements to depend on short-sighted private companies believing the results of their research will cause their stock price to go up the next quarter?
Any thoughts or guidance for the 100s of thousands federal employees who received a threatening letter from OPM last night? Asking for some federal employees.
And the medical systems will collapse due to burned out doctors and nurses.Medical schools and residency,research are funded through grants, these professionals are already working for private sector and insurance companies that they detest.
This will implode health care as we know it
Petroleum, Big Agriculture & Pharmaceutical have been trying to enslave or kill the public sector for research since before the 1980s. We are seeing the fruits of greed.
Trump's obsessive need to transactionally auction off assets, tangibles, and property that does not belong to him is alarming. As long as the check clears... all sales are final. OR are they? Thievery attracts thieves... and he's done that in spades.
The public sector doesn’t do basic research as they rely on the government for that. No one would pick that up except maybe the Howard Hughes Institute of some other foundation.
Republicans will award federal funds to a limited number of companies directly, circumventing responsible agencies and reinforcing the oligarchy to reward loyalty instead of merit and accountability
not just "economically viable" but "most profitable."
Already a huge problem with market economics is 80/20 rule. Without subsidies or regulations forcing service of minority needs, only "popular" items are made and sold.
This means it gets harder to find things like specialized tools in general.
"we have eliminated X health problem! It no longer exists! Hooray!"
This reminds me of my diss research in Brazil. State would just display the fertility rate, never the infant mortality rate (it was seriously 200 at the time) and say "look how prosperous we are!"
Poison/illness/danger for profit has always been a problem. Now it’s being enhanced & institutionalized as gov policy. Ultimate goal is to destabilize the country by making population poorer & sicker. It’s how authoritarians roll.
Capitalists ONLY invest in projects where the investor can capture ALL of the profits. For example, basic scientific research? Not much.
Government invests in projects that create benefits for many, without regard to who captures any downstream profits. Basic research? Yes.
Not saying, of course, that the billionaires will choose to support research based on expected payback, not the public good. More a matter of screwing the public rather than helping.
And, they get the stain of their support for bad, hateful acts enacted with depraved indifference toward humanity. May they reap what they sow - ppl have life threatening health issues, natural disasters occur...
Comments
future.
Do you want science advancements to depend on short-sighted private companies believing the results of their research will cause their stock price to go up the next quarter?
This will implode health care as we know it
#freeluigi
Check your Congress members stock portfolios.
Except for a few privately-funded research projects with immediate paybacks, the pipeline of new discoveries would shut down.
It's going to drive excellent scientists out of the US and not incentivize other to come here to do research. Ugh.
Already a huge problem with market economics is 80/20 rule. Without subsidies or regulations forcing service of minority needs, only "popular" items are made and sold.
This means it gets harder to find things like specialized tools in general.
This reminds me of my diss research in Brazil. State would just display the fertility rate, never the infant mortality rate (it was seriously 200 at the time) and say "look how prosperous we are!"
And are short term thinkers.
Research and scientific & technological breakthroughs take time and collaboration.
Government invests in projects that create benefits for many, without regard to who captures any downstream profits. Basic research? Yes.